Westport Fuel Systems (TSE:WPRT) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Westport Fuel Systems Inc. (TSE:WPRT) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.75 and traded as low as C$2.49. Westport Fuel Systems shares last traded at C$2.50, with a volume of 1,385 shares trading hands.

Westport Fuel Systems Price Performance

The company has a market cap of C$47.49 million, a PE ratio of -1.04, a price-to-earnings-growth ratio of -0.12 and a beta of 2.16. The company has a quick ratio of 1.54, a current ratio of 1.14 and a debt-to-equity ratio of 4.87. The firm has a 50 day simple moving average of C$2.75 and a 200-day simple moving average of C$2.73.

Westport Fuel Systems (TSE:WPRT) last released its quarterly earnings results on Tuesday, August 11th. The company reported C($0.91) EPS for the quarter. Westport Fuel Systems had a negative net margin of 470.53% and a negative return on equity of 60.02%. The firm had revenue of C$3.86 million for the quarter. As a group, research analysts predict that Westport Fuel Systems Inc. will post -0.25 earnings per share for the current fiscal year.

Westport Fuel Systems Company Profile

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.