Westport Fuel Systems (TSE:WPRT) Shares Down 3.4% – Here’s Why

Shares of Westport Fuel Systems Inc. (TSE:WPRT) traded down 3.4% on Wednesday . The stock traded as low as C$2.55 and last traded at C$2.55. 12,559 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 18,753 shares. The stock had previously closed at C$2.64.

Westport Fuel Systems Trading Down 3.4%

The company has a debt-to-equity ratio of 39.64, a quick ratio of 1.54 and a current ratio of 1.60. The company’s fifty day simple moving average is C$2.58 and its 200-day simple moving average is C$3.10. The company has a market capitalization of C$44.28 million, a P/E ratio of -0.73, a PEG ratio of -0.12 and a beta of 2.16.

Westport Fuel Systems (TSE:WPRT) last posted its quarterly earnings results on Monday, November 10th. The company reported C($0.79) EPS for the quarter. Westport Fuel Systems had a negative net margin of 8.16% and a negative return on equity of 16.87%. The business had revenue of C$2.25 million during the quarter. Research analysts predict that Westport Fuel Systems Inc. will post -0.25 earnings per share for the current year.

About Westport Fuel Systems

Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions. Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way.