Workhorse Group’s (WKHS) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of Workhorse Group (NASDAQ:WKHS) in a research note released on Friday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Workhorse Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $15.63.

Workhorse Group Price Performance

Shares of WKHS opened at $1.10 on Friday. The business’s 50-day moving average price is $1.19 and its 200-day moving average price is $1.33. Workhorse Group has a twelve month low of $0.81 and a twelve month high of $24.25. The stock has a market cap of $20.97 million, a PE ratio of -0.07 and a beta of 2.79.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings results on Friday, August 15th. The company reported ($1.67) earnings per share for the quarter, beating the consensus estimate of ($3.98) by $2.31. Workhorse Group had a negative return on equity of 210.72% and a negative net margin of 760.65%.The firm had revenue of $5.67 million for the quarter, compared to analysts’ expectations of $2.30 million. Analysts expect that Workhorse Group will post -3.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC lifted its holdings in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the quarter. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.