Westport Fuel Systems Target of Unusually Large Options Trading (NASDAQ:WPRT)

Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) was the recipient of unusually large options trading activity on Wednesday. Investors bought 2,030 call options on the stock. This represents an increase of approximately 1,310% compared to the average volume of 144 call options.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Westport Fuel Systems stock. Grace & White Inc. NY boosted its holdings in shares of Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,160,087 shares of the auto parts company’s stock after buying an additional 114,787 shares during the period. Grace & White Inc. NY owned about 6.68% of Westport Fuel Systems worth $1,821,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Westport Fuel Systems Stock Performance

NASDAQ WPRT opened at $1.96 on Thursday. Westport Fuel Systems has a twelve month low of $1.54 and a twelve month high of $4.77. The stock has a market cap of $34.06 million, a PE ratio of -0.56 and a beta of 2.18. The firm has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $2.30.

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

Analyst Upgrades and Downgrades

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

About Westport Fuel Systems

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.