Steven F. Rossi Purchases 33,333 Shares of Worksport Ltd. (NASDAQ:WKSP) Stock

Posted by Jared Coughlin on Nov 23rd, 2024

Worksport Ltd. (NASDAQ:WKSP – Get Free Report) CEO Steven F. Rossi bought 33,333 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average cost of $0.75 per share, for a total transaction of $24,999.75. Following the completion of the transaction, the chief executive officer now directly owns 2,525,871 shares of the company’s stock, valued at approximately $1,894,403.25. The trade was a 1.34 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Worksport Stock Performance

NASDAQ:WKSP opened at $0.64 on Friday. The company has a market cap of $21.05 million, a P/E ratio of -0.97 and a beta of 0.66. The firm’s 50 day moving average is $0.60 and its two-hundred day moving average is $0.64. Worksport Ltd. has a fifty-two week low of $0.36 and a fifty-two week high of $1.84. 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

An institutional investor recently raised its position in Worksport stock. Armistice Capital LLC grew its position in 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 (SEC). The institutional investor owned 2,206,758 shares of the company’s stock after purchasing an additional 268,650 shares during the period. Armistice Capital LLC owned approximately 7.76% of Worksport worth $1,719,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.11% of the company’s stock.

Worksport Company Profile

(Get Free Report)

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.