Worksport (WKSP) Projected to Post Earnings on Thursday

Worksport (NASDAQ:WKSP) is expected to be announcing its earnings results before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $2.92 million for the quarter.

Worksport Trading Up 3.6 %

WKSP opened at $3.77 on Tuesday. The company has a 50-day simple moving average of $7.41 and a 200 day simple moving average of $7.04. The stock has a market capitalization of $12.42 million, a price-to-earnings ratio of -5.71 and a beta of 2.11. The company has a quick ratio of 0.91, a current ratio of 2.96 and a debt-to-equity ratio of 0.31. Worksport has a twelve month low of $3.15 and a twelve month high of $12.00.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WKSP shares. Industrial Alliance Securities set a $17.50 price objective on shares of Worksport in a research note on Monday, March 3rd. HC Wainwright assumed coverage on Worksport in a research report on Thursday, January 23rd. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Worksport in a report on Tuesday, March 18th.

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.