Westport Innovations (WPRT): Today's Featured Automotive Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Westport Innovations ( WPRT) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Westport Innovations fell 91 cents (-2.9%) to $30.35 on light volume. Throughout the day, 625,398 shares of Westport Innovations exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $30.33-$31.50 after having opened the day at $31.50 as compared to the previous trading day's close of $31.26. Other companies within the Automotive industry that declined today were: China Automotive Systems ( CAAS), down 8.3%, Motorcar Parts of America ( MPAA), down 4.6%, Swift Transportation ( SWFT), down 4.5%, and Spartan Motors ( SPAR), down 4%.
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Westport Innovations Inc. provides alternative fuel, low-emissions technologies that enable engines to operate on fuels, such as compressed natural gas, liquefied natural gas, hydrogen, and biofuels. Westport Innovations has a market cap of $1.7 billion and is part of the consumer goods sector. Shares are down 6% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Westport Innovations a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Westport Innovations as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins and weak operating cash flow.

On the positive front, Polaris Industries ( PII), up 3.6%, Meritor ( MTOR), up 2.9%, Monro Muffler/Brake ( MNRO), up 2.6%, and Autoliv ( ALV), up 2.1%, were all gainers within the automotive industry with General Motors ( GM) being today's featured automotive industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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