Other equities analysts have also recently issued reports about the stock. Lake Street Capital raised shares of Westport Fuel Systems from a hold rating to a buy rating and set a $5.00 price objective for the company in a research report on Friday, May 10th. ValuEngine raised shares of Westport Fuel Systems from a hold rating to a buy rating in a research report on Saturday, August 10th. Zacks Investment Research raised shares of Westport Fuel Systems from a hold rating to a buy rating and set a $2.75 price objective for the company in a research report on Monday, May 27th. Finally, Cowen set a $4.00 price objective on shares of Westport Fuel Systems and gave the stock a hold rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Westport Fuel Systems presently has a consensus rating of Buy and a consensus target price of $4.50.
NASDAQ:WPRT opened at $2.67 on Thursday. Westport Fuel Systems has a 1-year low of $1.17 and a 1-year high of $3.77. The company has a current ratio of 1.41, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $2.91 and a 200 day simple moving average of $2.15. The stock has a market capitalization of $348.12 million, a PE ratio of -8.61 and a beta of 1.67.
Hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in Westport Fuel Systems during the second quarter worth $26,000. Stonehearth Capital Management LLC bought a new position in Westport Fuel Systems during the second quarter worth $28,000. A.R.T. Advisors LLC bought a new stake in shares of Westport Fuel Systems in the second quarter valued at about $40,000. Two Sigma Investments LP bought a new stake in shares of Westport Fuel Systems in the fourth quarter valued at about $59,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Westport Fuel Systems by 58.1% in the first quarter. Oppenheimer & Co. Inc. now owns 141,200 shares of the auto parts company’s stock valued at $220,000 after acquiring an additional 51,900 shares during the period. 20.72% of the stock is owned by hedge funds and other institutional investors.
About Westport Fuel Systems
Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc (CWI) Joint Venture segments. The company offers fuel systems and components a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.
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