Workhorse Group (NASDAQ:WKHS) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Workhorse Group Inc. (NASDAQ:WKHS)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.44 and traded as low as $0.81. Workhorse Group shares last traded at $0.87, with a volume of 748,374 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Workhorse Group in a report on Tuesday, March 18th. They set a “sell” rating for the company.

Workhorse Group Price Performance

The firm has a market cap of $4.45 million, a price-to-earnings ratio of -0.11 and a beta of 2.83. The firm’s fifty day moving average is $1.44 and its 200-day moving average is $6.62.

Workhorse Group (NASDAQ:WKHS) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($4.10) earnings per share for the quarter, missing the consensus estimate of ($4.00) by ($0.10). Workhorse Group had a negative return on equity of 192.21% and a negative net margin of 1,383.63%. The business had revenue of $0.64 million during the quarter, compared to the consensus estimate of $2.00 million. As a group, equities research analysts anticipate that Workhorse Group Inc. will post -3.8 EPS for the current year.

Institutional Investors Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Swedbank AB lifted its stake in shares of Workhorse Group Inc. (NASDAQ:WKHS) by 46.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,796 shares of the company’s stock after buying an additional 30,294 shares during the quarter. Swedbank AB owned about 0.23% of Workhorse Group worth $67,000 as of its most recent filing with the Securities & Exchange Commission. 15.98% of the stock is owned by institutional investors and hedge funds.

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.