Worksport Ltd. (NASDAQ:WKSP – Get Rating)’s share price rose 10.2% during mid-day trading on Tuesday . The company traded as high as $2.82 and last traded at $2.71. Approximately 191,952 shares traded hands during trading, an increase of 153% from the average daily volume of 75,800 shares. The stock had previously closed at $2.46.
Worksport Stock Up 10.2 %
The business has a 50-day moving average price of $1.73 and a 200-day moving average price of $1.54. The company has a market capitalization of $46.51 million, a price-to-earnings ratio of -3.47 and a beta of 0.98. The company has a quick ratio of 5.38, a current ratio of 6.04 and a debt-to-equity ratio of 0.25.
Worksport (NASDAQ:WKSP – Get Rating) last announced its earnings results on Friday, March 31st. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $0.04 million for the quarter. Worksport had a negative return on equity of 51.90% and a negative net margin of 13,240.00%.
Institutional Inflows and Outflows
Worksport Ltd. designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and non-Parasitic, hydrogen-based green energy solutions. The firm assists businesses by acquiring investment capital for continued growth and expansion while providing business development and marketing strategies, and offers its services in the United States and Canada.
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