Birchview Capital LP Sells 210,000 Shares of Workhorse Group, Inc. (WKHS)
Birchview Capital LP lowered its stake in Workhorse Group, Inc. (NASDAQ:WKHS) by 80.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 50,000 shares of the company’s stock after selling 210,000 shares during the period. Birchview Capital LP owned about 0.14% of Workhorse Group worth $185,000 as of its most recent filing with the SEC.
Separately, LMR Partners LLP acquired a new stake in shares of Workhorse Group during the second quarter valued at about $126,000. 11.42% of the stock is currently owned by institutional investors.
Shares of Workhorse Group, Inc. (WKHS) traded down 0.58% on Thursday, hitting $3.40. 23,077 shares of the stock traded hands. The firm’s 50 day moving average is $2.88 and its 200-day moving average is $2.94. Workhorse Group, Inc. has a 12 month low of $1.85 and a 12 month high of $10.30. The company’s market cap is $126.90 million.
Workhorse Group (NASDAQ:WKHS) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.23) by $0.03. The business had revenue of $0.27 million for the quarter. Workhorse Group had a negative net margin of 419.92% and a negative return on equity of 290.34%. Equities analysts predict that Workhorse Group, Inc. will post ($0.93) earnings per share for the current year.
WKHS has been the topic of several recent research reports. Maxim Group set a $5.00 price target on shares of Workhorse Group and gave the company a “buy” rating in a research report on Wednesday, August 9th. Cowen and Company initiated coverage on shares of Workhorse Group in a research report on Thursday, August 17th. They set an “outperform” rating and a $5.25 price target on the stock.
About Workhorse Group
Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.
Receive News & Stock Ratings for Workhorse Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workhorse Group Inc. and related stocks with our FREE daily email newsletter.