Westport Fuel Systems Inc (WPRT) Price Target Cut to $0.88

Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) had its target price lowered by research analysts at S&P Equity Research from $1.00 to $0.88 in a research report issued on Friday. S&P Equity Research’s price objective would suggest a potential downside of 8.36% from the stock’s previous close.

Separately, Zacks Investment Research lowered Westport Fuel Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, January 17th.

Westport Fuel Systems (NASDAQ:WPRT) opened at 0.9603 on Friday. The firm’s 50-day moving average price is $1.01 and its 200 day moving average price is $1.28. Westport Fuel Systems has a 1-year low of $0.82 and a 1-year high of $2.95. The firm’s market capitalization is $105.64 million.

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A hedge fund recently raised its stake in Westport Fuel Systems stock. Royce & Associates LP increased its stake in Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) by 20.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,339,483 shares of the company’s stock after buying an additional 891,893 shares during the period. Royce & Associates LP owned about 4.85% of Westport Fuel Systems worth $6,034,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 12.23% of the company’s stock.

About Westport Fuel Systems

Westport Fuel Systems Inc (Westport), formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.

5 Day Chart for NASDAQ:WPRT

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