Westport Fuel Systems (TSE:WPRT – Get Rating) had its target price decreased by investment analysts at Royal Bank of Canada from C$2.50 to C$1.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 25.00% from the stock’s current price.
Westport Fuel Systems Stock Performance
Westport Fuel Systems stock opened at C$1.20 on Wednesday. The firm has a 50 day simple moving average of C$1.45 and a 200-day simple moving average of C$1.30. Westport Fuel Systems has a 1-year low of C$1.01 and a 1-year high of C$2.25. The company has a debt-to-equity ratio of 34.85, a current ratio of 2.33 and a quick ratio of 1.54. The stock has a market cap of C$205.56 million, a price-to-earnings ratio of -13.33, a price-to-earnings-growth ratio of -0.12 and a beta of 2.85.
Insider Activity
In other news, Senior Officer David Mitchelhill Johnson purchased 65,000 shares of the company’s stock in a transaction dated Friday, December 23rd. The stock was acquired at an average price of C$1.06 per share, with a total value of C$68,952.00. Following the purchase, the insider now directly owns 618,295 shares in the company, valued at approximately C$655,887.34. Insiders bought a total of 105,000 shares of company stock valued at $105,296 in the last 90 days. Company insiders own 11.55% of the company’s stock.
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 worldwide. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments. It offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, light and heavy-duty original equipment manufacturers (OEMs) and delayed OEMs, electronics, hydrogen, and fuel storage activities.
See Also
- Don’t Miss Out: $2 Trillion Could be Headed to the Banking Sector
- A Weakening Economy Suggests Caution Before Buying Five Below
- Williams-Sonoma: Time To Buy At Rock-Bottom Prices
- Why DraftKings Could Keep Outperforming in 2023
- Charles Schwab And The Safest 30% You Can Make This Year
Receive News & Ratings for Westport Fuel Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems and related companies with MarketBeat.com's FREE daily email newsletter.
