Worksport Ltd. (NASDAQ:WKSP – Get Free Report) CEO Steven F. Rossi purchased 33,333 shares of the stock in a transaction dated Tuesday, November 19th. The shares were bought at an average price of $0.75 per share, with a total value of $24,999.75. Following the completion of the acquisition, the chief executive officer now directly owns 2,525,871 shares of the company’s stock, valued at approximately $1,894,403.25. This represents a 1.34 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Worksport Stock Performance
Shares of Worksport stock opened at $0.64 on Friday. The stock has a market cap of $21.05 million, a price-to-earnings ratio of -0.97 and a beta of 0.66. Worksport Ltd. has a twelve month low of $0.36 and a twelve month high of $1.84. The company’s fifty day moving average is $0.60 and its 200 day moving average is $0.64. The company has a quick ratio of 0.91, a current ratio of 2.96 and a debt-to-equity ratio of 0.31.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Worksport stock. Armistice Capital LLC increased its position in shares of Worksport Ltd. (NASDAQ:WKSP – Free Report) by 13.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,206,758 shares of the company’s stock after buying an additional 268,650 shares during the period. Armistice Capital LLC owned 7.76% of Worksport worth $1,719,000 at the end of the most recent reporting period. 16.11% of the stock is currently owned by hedge funds and other institutional investors.
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.
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