Westport Fuel Systems (NASDAQ:WPRT) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.53 and traded as high as $4.54. Westport Fuel Systems shares last traded at $4.39, with a volume of 25,380 shares changing hands.

Analyst Ratings Changes

WPRT has been the topic of several research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $8.00 price objective on shares of Westport Fuel Systems in a research report on Thursday, November 14th. HC Wainwright reissued a “buy” rating and issued a $22.00 price objective on shares of Westport Fuel Systems in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.13.

Westport Fuel Systems Stock Performance

The firm has a market capitalization of $77.52 million, a PE ratio of -3.01 and a beta of 2.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.60 and a quick ratio of 1.00. The stock has a 50-day moving average price of $4.05 and a 200-day moving average price of $4.52.

Institutional Trading of Westport Fuel Systems

A number of hedge funds and other institutional investors have recently modified their holdings of WPRT. TD Waterhouse Canada Inc. increased its holdings in Westport Fuel Systems by 2,384.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company’s stock valued at $57,000 after buying an additional 15,715 shares during the last quarter. Millennium Management LLC bought a new stake in Westport Fuel Systems in the fourth quarter valued at about $149,000. US Bancorp DE increased its holdings in Westport Fuel Systems by 170.7% in the third quarter. US Bancorp DE now owns 188,349 shares of the auto parts company’s stock valued at $865,000 after buying an additional 118,780 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Westport Fuel Systems by 34.6% in the fourth quarter. Baird Financial Group Inc. now owns 916,168 shares of the auto parts company’s stock valued at $3,280,000 after acquiring an additional 235,610 shares during the period. Finally, Grace & White Inc. NY boosted its stake in Westport Fuel Systems by 40.3% in the fourth quarter. Grace & White Inc. NY now owns 1,043,980 shares of the auto parts company’s stock valued at $3,737,000 after acquiring an additional 299,798 shares during the period. 21.30% of the stock is owned by hedge funds and other institutional investors.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.