Westport Fuel Systems Inc. (TSE:WPRT – Get Rating) reached a new 52-week low during trading on Monday . The company traded as low as C$1.66 and last traded at C$1.66, with a volume of 201029 shares changing hands. The stock had previously closed at C$1.75.
Separately, HC Wainwright upped their target price on shares of Westport Fuel Systems to C$7.00 and gave the company a “buy” rating in a research report on Wednesday, March 16th.
The firm has a market cap of C$289.29 million and a price-to-earnings ratio of 16.83. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 41.42. The company’s 50-day moving average price is C$2.02 and its 200-day moving average price is C$2.87.
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.
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