Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) shares shot up 7% on Friday . The company traded as high as $2.62 and last traded at $2.61. 1,058,955 shares were traded during mid-day trading, an increase of 66% from the average session volume of 636,365 shares. The stock had previously closed at $2.44.

A number of research firms have weighed in on WPRT. BidaskClub lowered shares of Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Zacks Investment Research lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $3.93.

The stock has a market cap of $321.42 million, a P/E ratio of -5.93 and a beta of 2.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.54.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its quarterly earnings results on Thursday, May 10th. The auto parts company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The firm had revenue of $67.60 million for the quarter, compared to analyst estimates of $61.67 million. Westport Fuel Systems had a negative net margin of 4.64% and a negative return on equity of 46.47%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.12) EPS. analysts predict that Westport Fuel Systems Inc will post -0.14 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Hood River Capital Management LLC raised its position in shares of Westport Fuel Systems by 1.9% during the 1st quarter. Hood River Capital Management LLC now owns 5,183,612 shares of the auto parts company’s stock valued at $11,352,000 after buying an additional 95,932 shares during the period. Cortina Asset Management LLC raised its position in shares of Westport Fuel Systems by 20.6% during the 2nd quarter. Cortina Asset Management LLC now owns 1,928,576 shares of the auto parts company’s stock valued at $4,879,000 after buying an additional 330,047 shares during the period. Millennium Management LLC raised its position in shares of Westport Fuel Systems by 62.2% during the 4th quarter. Millennium Management LLC now owns 697,201 shares of the auto parts company’s stock valued at $2,621,000 after buying an additional 267,346 shares during the period. Paradigm Capital Management Inc. NY raised its position in shares of Westport Fuel Systems by 229.2% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 657,530 shares of the auto parts company’s stock valued at $1,663,000 after buying an additional 457,780 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Westport Fuel Systems by 478.2% during the 4th quarter. Renaissance Technologies LLC now owns 545,132 shares of the auto parts company’s stock valued at $2,050,000 after buying an additional 450,845 shares during the period. 20.01% of the stock is currently owned by hedge funds and other institutional investors.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation and industrial markets worldwide. It operates through Transportation and Cummins Westport Inc Joint Venture segments. The company designs, manufactures, and sells compressed natural gas (CNG) and liquid petroleum gas (LPG) components and systems, such as pressure regulators, injectors, electronic control units, valves, and filters, as well as bi-fuel, mono-fuel, and dual-fuel LPG and CNG conversion kits for passenger cars, light-duty trucks, and medium-duty vehicles, including original engine manufacture (OEM), delayed OEM, and aftermarket segments.

Featured Article: New Google Finance Tool and Screening Stocks

Receive News & Ratings for Westport Fuel Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems and related companies with MarketBeat.com's FREE daily email newsletter.