Westport Fuel Systems Sees Unusually Large Options Volume (NASDAQ:WPRT)

Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) saw some unusual options trading on Wednesday. Stock investors acquired 2,030 call options on the stock. This represents an increase of 1,310% compared to the typical volume of 144 call options.

Institutional Investors Weigh In On Westport Fuel Systems

An institutional investor recently raised its position in Westport Fuel Systems stock. Grace & White Inc. NY increased its stake in shares of Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 11.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,160,087 shares of the auto parts company’s stock after acquiring an additional 114,787 shares during the period. Grace & White Inc. NY owned approximately 6.68% of Westport Fuel Systems worth $1,821,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WPRT shares. Royal Bank Of Canada decreased their price objective on Westport Fuel Systems from $3.00 to $2.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 12th. Zacks Research raised Westport Fuel Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Westport Fuel Systems in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $6.60.

Westport Fuel Systems Trading Down 4.1%

WPRT stock opened at $1.88 on Friday. The company has a market cap of $32.67 million, a PE ratio of -0.54 and a beta of 2.18. The stock has a 50-day moving average price of $1.86 and a two-hundred day moving average price of $2.30. Westport Fuel Systems has a 12-month low of $1.54 and a 12-month high of $4.77.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its quarterly earnings data on Monday, November 10th. The auto parts company reported ($0.60) earnings per share for the quarter, beating the consensus estimate of ($0.89) by $0.29. The business had revenue of $1.62 million for the quarter, compared to analyst estimates of $1.12 million. Westport Fuel Systems had a negative return on equity of 24.16% and a negative net margin of 25.63%. Equities analysts forecast that Westport Fuel Systems will post -1.69 EPS for the current fiscal year.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc is a Canadian-based company that designs, engineers and manufactures alternative fuel systems and components for transportation and industrial applications. Specializing in natural gas, propane and hydrogen technologies, the company develops complete fuel delivery systems, high-pressure direct injection solutions and fuel storage modules tailored for light-, medium- and heavy-duty vehicles. Its platforms are designed to reduce emissions and lower operating costs for original equipment manufacturers (OEMs) and fleet operators worldwide.

The company’s product portfolio includes compressed natural gas (CNG) and liquefied natural gas (LNG) fuel systems, electronic controls, injectors, pressure regulators and specialized fuel tanks.