Richard Dauch Sells 8,564 Shares of Workhorse Group (NASDAQ:WKHS) Stock

Workhorse Group, Inc. (NASDAQ:WKHS) CEO Richard Dauch sold 8,564 shares of Workhorse Group stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $6.51, for a total transaction of $55,751.64. Following the completion of the sale, the chief executive officer directly owned 1,310 shares in the company, valued at approximately $8,528.10. This represents a 86.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Workhorse Group Trading Down 4.0%

Shares of WKHS stock opened at $5.72 on Wednesday. The company has a 50 day moving average of $10.45 and a 200-day moving average of $15.03. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. Workhorse Group, Inc. has a 12-month low of $5.40 and a 12-month high of $139.69. The firm has a market cap of $12.41 million, a P/E ratio of -0.80 and a beta of 2.32.

Workhorse Group (NASDAQ:WKHS) last posted its quarterly earnings data on Monday, November 10th. The company reported ($16.68) EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.38 million for the quarter, compared to the consensus estimate of $2.50 million. Sell-side analysts anticipate that Workhorse Group, Inc. will post -3.8 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC lifted its position in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,684 shares of the company’s stock after buying 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 currently owned by institutional investors.

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.