Austin Scott Miller Sells 5,051 Shares of Workhorse Group (NASDAQ:WKHS) Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Austin Scott Miller sold 5,051 shares of the company’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 transaction, the director owned 130 shares of the company’s stock, valued at approximately $846.30. This represents a 97.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Workhorse Group Stock Down 8.4%

Shares of Workhorse Group stock traded down $0.55 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 company has a market capitalization of $12.93 million, a price-to-earnings ratio of -0.83 and a beta of 2.32. 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 52 week low of $5.80 and a 52 week high of $153.00. The firm’s fifty day simple moving average is $10.75 and its two-hundred day simple moving average is $15.10.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC increased its position in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the period. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 as of its most recent SEC filing. Institutional investors own 15.98% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Workhorse Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Workhorse Group currently has a consensus rating of “Sell”.

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.