Westport Fuel Systems (NASDAQ:WPRT) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WPRT. HC Wainwright reaffirmed a “buy” rating and set a $22.00 price target on shares of Westport Fuel Systems in a report on Friday, November 15th. 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Westport Fuel Systems has a consensus rating of “Hold” and a consensus target price of $14.13.

Westport Fuel Systems Price Performance

The firm has a market cap of $75.77 million, a price-to-earnings ratio of -2.95 and a beta of 2.93. The business’s 50-day moving average price is $4.04 and its two-hundred day moving average price is $4.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.60 and a quick ratio of 1.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WPRT. Millennium Management LLC bought a new position in shares of Westport Fuel Systems during the fourth quarter worth about $149,000. Baird Financial Group Inc. raised its stake in Westport Fuel Systems by 34.6% during 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 buying an additional 235,610 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Westport Fuel Systems by 2,384.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company’s stock worth $57,000 after buying an additional 15,715 shares during the last quarter. Grace & White Inc. NY grew its position in shares of Westport Fuel Systems by 40.3% in the 4th quarter. Grace & White Inc. NY now owns 1,043,980 shares of the auto parts company’s stock worth $3,737,000 after acquiring an additional 299,798 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Westport Fuel Systems by 170.7% in the 3rd quarter. US Bancorp DE now owns 188,349 shares of the auto parts company’s stock valued at $865,000 after acquiring an additional 118,780 shares during the last quarter. 21.30% of the stock is owned by institutional investors and hedge funds.

About Westport Fuel Systems

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.