Worksport Ltd. (NASDAQ:WKSP – Get Free Report) CEO Steven F. Rossi bought 33,333 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average price of $0.75 per share, for a total transaction of $24,999.75. Following the transaction, the chief executive officer now owns 2,525,871 shares in the company, valued at approximately $1,894,403.25. This represents a 1.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Worksport Price Performance
Worksport stock opened at $0.64 on Friday. The stock’s fifty day moving average price is $0.60 and its two-hundred day moving average price is $0.64. The firm has a market cap of $21.05 million, a PE ratio of -0.97 and a beta of 0.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 0.91. Worksport Ltd. has a one year low of $0.36 and a one year high of $1.84.
Hedge Funds Weigh In On Worksport
An institutional investor recently raised its position in Worksport stock. Armistice Capital LLC increased its position in shares of Worksport Ltd. (NASDAQ:WKSP – Free Report) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,206,758 shares of the company’s stock after acquiring an additional 268,650 shares during the period. Armistice Capital LLC owned about 7.76% of Worksport worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 16.11% of the company’s stock.
Worksport Company Profile
Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station.
Further Reading
- Five stocks we like better than Worksport
- How Can Investors Benefit From After-Hours Trading
- Vertiv’s Cool Tech Makes Its Stock Red-Hot
- Bank Stocks – Best Bank Stocks to Invest In
- MarketBeat Week in Review – 11/18 – 11/22
- 3 Ways To Invest In Coffee, Other Than Drinking It
- 2 Finance Stocks With Competitive Advantages You Can’t Ignore
Receive News & Ratings for Worksport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worksport and related companies with MarketBeat.com's FREE daily email newsletter.
