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Westport Fuel Systems (WPRT) Jumps: Stock Moves 19.8% Higher
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Westport Fuel Systems Inc. (WPRT - Free Report) 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%.
Is WPRT going up? Or down? Predict to see what others think: Up or Down
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister are companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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Westport Fuel Systems (WPRT) Jumps: Stock Moves 19.8% Higher
Westport Fuel Systems Inc. (WPRT - Free Report) 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
A better-ranked stock in the Automotive - Original Equipment space is Meritor, Inc. , 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
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister are companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.