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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Westport Fuel Systems (WPRT) Jumps: Stock Moves 19.8% Higher

Zacks Equity Research
Updated

Westport Fuel Systems Inc. WPRT was a big mover last session, as its shares rose almost 20% on the day. The move came after the company announced that it has entered into a definitive agreement to sell the assets of its Auxiliary Power Unit business for $70 million. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range 85 cents to $1.18 in the past one-month time frame.

Over the last 30 days, the company witnessed one positive and two negative estimate revisions while the Zacks Consensus Estimate also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Westport Fuel Systems currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Westport Fuel Systems Inc Price

 

Westport Fuel Systems Inc Price | Westport Fuel Systems Inc Quote

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A better-ranked stock in the Automotive - Original Equipment space is Meritor, Inc. MTOR, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is WPRT going up? Or down? Predict to see what others think: Up or Down

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Meritor, Inc. (MTOR): Free Stock Analysis Report
 
Westport Fuel Systems Inc (WPRT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research