Westport Innovations (USA)(NASDAQ:WPRT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.29.
Westport Innovations (USA) (WPRT) made into the market gainers list on Fridays trading session with the shares advancing 18.39% or 0.16 points. Due to strong positive momentum, the stock ended at $1.03, which is also near the day’s high of $1.05. The stock began the session at $0.88 and the volume stood at 18,22,363 shares. The 52-week high of the shares is $2.95 and the 52 week low is $0.82. The company has a current market capitalization of $113 M and it has 10,99,71,371 shares in outstanding.
Westport Innovations Inc. is a provider of engine and fuel system technologies utilizing gaseous fuels. The Company operates through six segments: Westport Applied Technologies Business Unit Westport On-Road Systems Business Unit Westport Off-Road Systems Business Unit Corporate and Technology Investments Business Unit Cummins Westport Inc and Weichai Westport Inc. Westport Applied Technologies Business Unit designs produces and sells compressed natural gas and liquefied petroleum gas components and subsystems for natural gas vehicles. Westport On-Road Systems Business Unit engineers designs assemble and sell natural gas engine and vehicle systems. Westport Off-Road Systems Business Unit engineers designs and markets the Company’s natural gas technologies. Cummins Westport serves the medium- to heavy-duty engine markets with spark ignited natural gas engines. Weichai Westport develops manufactures and sells advanced alternative fuel engines and parts.