Westport Fuel Systems (NASDAQ:WPRT) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.95 and traded as high as $2.05. Westport Fuel Systems shares last traded at $1.94, with a volume of 247,189 shares.

Analyst Ratings Changes

Several brokerages have weighed in on WPRT. Royal Bank Of Canada reduced their price objective on Westport Fuel Systems from $1.75 to $1.00 and set a “sector perform” rating for the company in a report on Thursday, August 13th. ATB Cormark Capital Markets set a $2.65 target price on Westport Fuel Systems and gave the company a “speculative buy” rating in a research note on Monday, August 24th. Finally, Weiss Ratings raised Westport Fuel Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1.82.

Westport Fuel Systems Price Performance

The stock has a market cap of $34.97 million, a PE ratio of -0.83 and a beta of 2.14. The firm’s 50 day moving average price is $1.86 and its two-hundred day moving average price is $1.95.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its quarterly earnings data on Tuesday, August 11th. The auto parts company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.29). Westport Fuel Systems had a negative net margin of 493.15% and a negative return on equity of 51.88%. The business had revenue of $2.72 million during the quarter, compared to analysts’ expectations of $2.23 million. Analysts anticipate that Westport Fuel Systems Inc. will post -1.44 earnings per share for the current year.

Institutional Trading of Westport Fuel Systems

An institutional investor recently raised its stake in Westport Fuel Systems stock. Susquehanna International Group LLP boosted its stake in Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 222.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,017 shares of the auto parts company’s stock after purchasing an additional 32,717 shares during the quarter. Susquehanna International Group LLP owned approximately 0.09% of Westport Fuel Systems worth $41,000 as of its most recent filing with the Securities & Exchange Commission. 21.30% of the stock is currently owned by institutional investors.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc is a Canadian-based company that designs, engineers and manufactures alternative fuel systems and components for transportation and industrial applications. Specializing in natural gas, propane and hydrogen technologies, the company develops complete fuel delivery systems, high-pressure direct injection solutions and fuel storage modules tailored for light-, medium- and heavy-duty vehicles. Its platforms are designed to reduce emissions and lower operating costs for original equipment manufacturers (OEMs) and fleet operators worldwide.

The company’s product portfolio includes compressed natural gas (CNG) and liquefied natural gas (LNG) fuel systems, electronic controls, injectors, pressure regulators and specialized fuel tanks.