Westport Fuel Systems (TSE:WPRT) Price Target Cut to C$1.50 by Analysts at Royal Bank of Canada

Westport Fuel Systems (TSE:WPRT – Get Rating) had its price target reduced by Royal Bank of Canada from C$2.50 to C$1.50 in a research report released on Wednesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Westport Fuel Systems Price Performance

TSE:WPRT opened at C$1.14 on Wednesday. The firm has a market capitalization of C$195.28 million, a price-to-earnings ratio of -12.67, a P/E/G ratio of -0.12 and a beta of 2.85. Westport Fuel Systems has a 52-week low of C$1.01 and a 52-week high of C$2.25. The stock has a fifty day moving average of C$1.45 and a 200 day moving average of C$1.29. The company has a debt-to-equity ratio of 34.85, a quick ratio of 1.54 and a current ratio of 2.33.

Insider Transactions at Westport Fuel Systems

In related news, Senior Officer David Mitchelhill Johnson acquired 65,000 shares of the firm’s stock in a transaction dated Friday, December 23rd. The shares were purchased at an average price of C$1.06 per share, for a total transaction of C$68,952.00. Following the completion of the acquisition, the insider now owns 618,295 shares in the company, valued at C$655,887.34. Over the last quarter, insiders have purchased 105,000 shares of company stock worth $105,296. Company insiders own 11.55% of the company’s stock.

About Westport Fuel Systems

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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.