Workhorse Group (NASDAQ:WKHS) Director Sells $41,104.14 in Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Raymond Joseph Chess sold 6,314 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $41,104.14. Following the transaction, the director owned 215 shares in the company, valued at $1,399.65. The trade was a 96.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Workhorse Group Trading Down 4.9%

Shares of NASDAQ WKHS opened at $5.44 on Thursday. Workhorse Group, Inc. has a fifty-two week low of $5.40 and a fifty-two week high of $139.69. The company has a market cap of $11.80 million, a price-to-earnings ratio of -0.76 and a beta of 2.32. The business’s 50 day moving average price is $10.29 and its 200-day moving average price is $14.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 1.21.

Workhorse Group (NASDAQ:WKHS) last issued its earnings results on Monday, November 10th. The company reported ($16.68) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($17.40) by $0.72. The firm had revenue of $2.38 million during the quarter, compared to analyst estimates of $2.50 million. Workhorse Group had a negative net margin of 606.64% and a negative return on equity of 232.69%. On average, sell-side analysts expect that Workhorse Group, Inc. will post -3.8 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Workhorse Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC raised its position in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,684 shares of the company’s stock after acquiring an additional 11,073 shares during the period. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 15.98% of the company’s stock.

Workhorse Group Company Profile

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.