Alan Henricks Sells 1,894 Shares of Workhorse Group (NASDAQ:WKHS) Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Alan Henricks sold 1,894 shares of Workhorse Group stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $12,329.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Workhorse Group Price Performance

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

Workhorse Group (NASDAQ:WKHS) last released its quarterly earnings results on Monday, November 10th. The company reported ($16.68) earnings per share (EPS) for the quarter, topping the consensus estimate of ($17.40) by $0.72. Workhorse Group had a negative net margin of 606.64% and a negative return on equity of 232.69%. The firm had revenue of $2.38 million for the quarter, compared to the consensus estimate of $2.50 million. Equities research analysts anticipate that Workhorse Group, Inc. will post -3.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC lifted its stake in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. 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 filing with the SEC. 15.98% of the stock is currently owned by institutional investors.

About Workhorse Group

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.