Workhorse Group (NASDAQ:WKHS) Director Sells $32,882.01 in Stock

by · The Markets Daily

Workhorse Group, Inc. (NASDAQ:WKHS – Get Free Report) Director Austin Scott Miller sold 5,051 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $6.51, for a total value of $32,882.01. Following the completion of the transaction, the director owned 130 shares in the company, valued at $846.30. This represents a 97.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Workhorse Group Stock Performance

Shares of NASDAQ WKHS traded down $0.55 during midday trading on Monday, reaching $5.96. The company’s stock had a trading volume of 264,331 shares, compared to its average volume of 160,168. The stock has a market capitalization of $12.93 million, a P/E ratio of -0.83 and a beta of 2.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.71. The firm has a 50 day moving average price of $10.75 and a 200-day moving average price of $15.10. Workhorse Group, Inc. has a 12-month low of $5.80 and a 12-month high of $153.00.

Workhorse Group (NASDAQ:WKHS – Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported ($16.68) EPS for the quarter, topping analysts’ consensus estimates of ($17.40) by $0.72. Workhorse Group had a negative return on equity of 232.69% and a negative net margin of 606.64%.The firm had revenue of $2.38 million during the quarter, compared to analyst estimates of $2.50 million. As a group, equities analysts predict that Workhorse Group, Inc. will post -3.8 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC boosted its position in Workhorse Group, Inc. (NASDAQ:WKHS – Free Report) by 32.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the period. Geode Capital Management LLC owned about 0.47% of Workhorse Group worth $49,000 as of its most recent SEC filing. 15.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on WKHS

About Workhorse Group

(Get Free Report)

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.

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