Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT)’s stock price rose 6% during mid-day trading on Monday . The company traded as high as $2.85 and last traded at $2.83, approximately 31,610 shares traded hands during mid-day trading. A decline of 95% from the average daily volume of 674,826 shares. The stock had previously closed at $2.67.

WPRT has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Friday. Lake Street Capital raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Friday, May 10th. ValuEngine raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th. BidaskClub downgraded shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Cowen set a $4.00 price objective on shares of Westport Fuel Systems and gave the company a “hold” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $4.50.

The stock’s 50 day moving average price is $2.91 and its 200 day moving average price is $2.16. The company has a current ratio of 1.41, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The company has a market cap of $348.12 million, a price-to-earnings ratio of -9.10 and a beta of 1.67.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its quarterly earnings data on Thursday, August 8th. The auto parts company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02). Westport Fuel Systems had a negative net margin of 6.36% and a negative return on equity of 30.62%. The company had revenue of $82.40 million during the quarter, compared to the consensus estimate of $73.60 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts expect that Westport Fuel Systems Inc will post -0.09 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG increased its position in Westport Fuel Systems by 44,879.7% during the 4th quarter. Deutsche Bank AG now owns 449,797 shares of the auto parts company’s stock worth $598,000 after purchasing an additional 448,797 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Westport Fuel Systems by 237.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 537,803 shares of the auto parts company’s stock worth $1,457,000 after purchasing an additional 378,487 shares in the last quarter. Millennium Management LLC increased its position in Westport Fuel Systems by 179.4% during the 4th quarter. Millennium Management LLC now owns 413,835 shares of the auto parts company’s stock worth $550,000 after purchasing an additional 265,725 shares in the last quarter. Renaissance Technologies LLC increased its position in Westport Fuel Systems by 18.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,622,320 shares of the auto parts company’s stock worth $4,396,000 after purchasing an additional 255,900 shares in the last quarter. Finally, Granite Investment Partners LLC increased its position in Westport Fuel Systems by 113.5% during the 1st quarter. Granite Investment Partners LLC now owns 435,870 shares of the auto parts company’s stock worth $675,000 after purchasing an additional 231,752 shares in the last quarter. 20.56% of the stock is owned by institutional investors.

About Westport Fuel Systems (NASDAQ:WPRT)

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc (CWI) Joint Venture segments. The company offers fuel systems and components a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.

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