TheWorks.co.uk (LON:WRKS) Shares Up 11.6% – Here’s What Happened

TheWorks.co.uk plc (LON:WRKS)’s stock price shot up 11.6% during trading on Monday . The company traded as high as GBX 48 and last traded at GBX 46.88. 310,216 shares traded hands during trading, an increase of 64% from the average session volume of 189,307 shares. The stock had previously closed at GBX 42.

TheWorks.co.uk Price Performance

The business has a 50-day moving average price of GBX 39.66 and a 200 day moving average price of GBX 38.38. The company has a market cap of £27.67 million, a price-to-earnings ratio of 3.26 and a beta of 0.40. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 1,169.78.

TheWorks.co.uk (LON:WRKS) last issued its quarterly earnings results on Thursday, January 22nd. The company reported GBX (7.90) EPS for the quarter. TheWorks.co.uk had a net margin of 3.24% and a return on equity of 63.25%. As a group, research analysts expect that TheWorks.co.uk plc will post 9.8543689 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Rosie Fordham purchased 31,034 shares of TheWorks.co.uk stock in a transaction dated Tuesday, April 14th. The stock was acquired at an average cost of GBX 29 per share, with a total value of £8,999.86. 18.21% of the stock is owned by company insiders.

About TheWorks.co.uk

TheWorks.co.uk plc engages in the retailing of gifts, books, art and craft products, toys, games, and stationery and seasonal products in the United Kingdom and Ireland. It sells its products through a network of stores, as well as through online. The company was founded in 1981 and is based in Birmingham, the United Kingdom.