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

TheWorks.co.uk plc (LON:WRKS) shares shot up 11.6% on Monday . The company traded as high as GBX 48 and last traded at GBX 46.88. 310,216 shares were traded 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 stock has a 50 day moving average price of GBX 39.66 and a two-hundred day moving average price of GBX 38.38. The company has a debt-to-equity ratio of 1,169.78, a quick ratio of 0.33 and a current ratio of 0.85. The company has a market capitalization of £27.67 million, a PE ratio of 3.26 and a beta of 0.40.

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

Insiders Place Their Bets

In related news, insider Rosie Fordham bought 31,034 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were bought at an average cost of GBX 29 per share, for a total transaction of £8,999.86. 18.21% of the stock is currently owned by company insiders.

TheWorks.co.uk Company Profile

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.