Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) shot up 10.3% during trading on Monday . The stock traded as high as $3.65 and last traded at $3.64. 1,445,750 shares were traded during mid-day trading, an increase of 67% from the average session volume of 867,994 shares. The stock had previously closed at $3.30.

A number of equities analysts have issued reports on the company. BidaskClub downgraded Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, June 5th. Zacks Investment Research upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Monday, June 4th. Finally, Lake Street Capital lifted their price target on Westport Fuel Systems from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Westport Fuel Systems currently has an average rating of “Hold” and an average target price of $4.10.

The company has a market cap of $479.50 million, a PE ratio of -8.09 and a beta of 2.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.52 and a quick ratio of 1.14.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its quarterly earnings results on Thursday, August 9th. The auto parts company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $80.49 million during the quarter, compared to the consensus estimate of $64.50 million. Westport Fuel Systems had a negative return on equity of 40.52% and a negative net margin of 17.94%. equities research analysts expect that Westport Fuel Systems Inc will post -0.23 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Hood River Capital Management LLC boosted its stake in 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 purchasing an additional 95,932 shares during the last quarter. Manatuck Hill Partners LLC boosted its stake in Westport Fuel Systems by 143.0% during the 2nd quarter. Manatuck Hill Partners LLC now owns 2,386,362 shares of the auto parts company’s stock valued at $6,037,000 after purchasing an additional 1,404,462 shares during the last quarter. Cortina Asset Management LLC boosted its stake in 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 purchasing an additional 330,047 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its stake in 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 purchasing an additional 457,780 shares during the last quarter. Finally, Ardsley Advisory Partners boosted its stake in Westport Fuel Systems by 42.9% during the 2nd quarter. Ardsley Advisory Partners now owns 500,000 shares of the auto parts company’s stock valued at $1,265,000 after purchasing an additional 150,000 shares during the last quarter. Institutional investors and hedge funds own 22.52% of the company’s stock.

Westport Fuel Systems Company Profile (NASDAQ:WPRT)

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.

Read More: Asset Allocation Models, Which is Right For You?

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.