Virtu Financial LLC Takes $73,000 Position in Worksport Ltd. (NASDAQ:WKSP)

Virtu Financial LLC acquired a new position in Worksport Ltd. (NASDAQ:WKSP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 79,038 shares of the company’s stock, valued at approximately $73,000. Virtu Financial LLC owned 0.24% of Worksport at the end of the most recent reporting period.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WKSP shares. HC Wainwright boosted their price target on shares of Worksport from $1.50 to $11.50 and gave the stock a “buy” rating in a research report on Friday. Industrial Alliance Securities set a $17.50 target price on shares of Worksport in a research note on Monday, March 3rd. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Worksport in a research report on Tuesday, March 18th.

Worksport Trading Down 8.3 %

Shares of WKSP stock opened at $3.19 on Tuesday. Worksport Ltd. has a fifty-two week low of $2.82 and a fifty-two week high of $12.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 2.96. The stock has a 50 day simple moving average of $6.94 and a two-hundred day simple moving average of $6.99. The company has a market cap of $10.51 million, a P/E ratio of -4.83 and a beta of 2.11.

Worksport 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.