Worksport’s (WKSP) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Worksport (NASDAQ:WKSP) in a research report report published on Wednesday,Benzinga reports. The firm currently has a $11.50 target price on the stock.

Other research analysts have also issued reports about the company. Alliance Global Partners reaffirmed a “buy” rating on shares of Worksport in a report on Tuesday, March 18th. Industrial Alliance Securities set a $17.50 target price on shares of Worksport in a report on Monday, March 3rd.

Worksport Trading Down 0.7 %

Worksport stock opened at $2.84 on Wednesday. Worksport has a 12-month low of $2.44 and a 12-month high of $12.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 0.91. The stock has a market capitalization of $13.62 million, a PE ratio of -4.30 and a beta of 2.07. The firm has a 50 day simple moving average of $4.38 and a 200-day simple moving average of $6.72.

Institutional Trading of Worksport

A number of hedge funds have recently bought and sold shares of WKSP. Two Sigma Advisers LP purchased a new stake in shares of Worksport in the 4th quarter valued at approximately $29,000. Northern Trust Corp raised its stake in Worksport by 136.1% during the 4th quarter. Northern Trust Corp now owns 39,612 shares of the company’s stock valued at $36,000 after purchasing an additional 22,832 shares during the period. Virtu Financial LLC purchased a new stake in shares of Worksport in the fourth quarter valued at $73,000. Jane Street Group LLC acquired a new stake in shares of Worksport in the fourth quarter worth $79,000. Finally, Two Sigma Securities LLC grew its holdings in shares of Worksport by 483.7% during the fourth quarter. Two Sigma Securities LLC now owns 91,564 shares of the company’s stock valued at $84,000 after buying an additional 75,878 shares in the last quarter. 16.11% of the stock is owned by hedge funds and other institutional investors.

About Worksport

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.