Westport Fuel Systems (NASDAQ:WPRT) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.97 and traded as high as $2.41. Westport Fuel Systems shares last traded at $2.26, with a volume of 189,272 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on WPRT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Westport Fuel Systems in a research report on Monday, April 20th. Royal Bank Of Canada decreased their price target on Westport Fuel Systems from $2.00 to $1.75 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Finally, Zacks Research cut shares of Westport Fuel Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.38.

Westport Fuel Systems Stock Down 0.9%

The stock has a market cap of $36.54 million, a price-to-earnings ratio of -0.56 and a beta of 2.09. The company has a 50 day simple moving average of $2.02 and a 200 day simple moving average of $1.97.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its quarterly earnings data on Thursday, April 23rd. The auto parts company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.47) by ($0.05). Westport Fuel Systems had a negative net margin of 68.55% and a negative return on equity of 37.38%. The company had revenue of $1.16 million during the quarter, compared to the consensus estimate of $1.13 million. As a group, analysts predict that Westport Fuel Systems Inc. will post -1.44 earnings per share for the current fiscal year.

Institutional Trading of Westport Fuel Systems

Several institutional investors have recently modified their holdings of the business. Royce & Associates LP bought a new position in Westport Fuel Systems during the 4th quarter worth $357,000. Grace & White Inc. NY grew its position in shares of Westport Fuel Systems by 11.0% in the 4th quarter. Grace & White Inc. NY now owns 1,160,087 shares of the auto parts company’s stock valued at $1,821,000 after buying an additional 114,787 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Westport Fuel Systems in the fourth quarter valued at about $31,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Westport Fuel Systems by 23.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 38,753 shares of the auto parts company’s stock valued at $61,000 after buying an additional 7,401 shares during the period. Institutional investors own 21.30% of the company’s stock.

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.