MDWerks (OTCMKTS:MDWK) Trading 46.7% Higher – Here’s Why

MDWerks Inc. (OTCMKTS:MDWK) shares rose 46.7% on Friday . The stock traded as high as $0.22 and last traded at $0.22. Approximately 275,235 shares traded hands during trading, an increase of 303% from the average daily volume of 68,254 shares. The stock had previously closed at $0.15.

MDWerks Stock Up 46.7%

The firm’s 50-day moving average price is $0.12 and its 200 day moving average price is $0.16. The company has a current ratio of 0.61, a quick ratio of 0.17 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $51.50 million, a price-to-earnings ratio of -7.33 and a beta of 17.60.

MDWerks (OTCMKTS:MDWK) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $0.78 million during the quarter. MDWerks had a negative net margin of 179.07% and a negative return on equity of 308.26%.

About MDWerks

MDWerks, Inc, together with its subsidiaries, provides energy waving technologies in the United States. The company offers green and radio wave technologies. It also produces and sells alcoholic beverages, including whiskey and vodka. In addition, the company develops radio frequency applications. It serves structural engineering, food and beverage, alcoholic beverages, manufacturing, and adhesives industries. MDWerks, Inc is based in Green Cove Springs, Florida.