Workhorse Group (NASDAQ:WKHS) Director Sells $32,882.01 in Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Jean Botti sold 5,051 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $32,882.01. Following the completion of the sale, the director owned 143 shares of the company’s stock, valued at $930.93. This trade represents a 97.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Workhorse Group Stock Down 4.9%

WKHS stock opened at $5.44 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $10.29 and its 200 day simple moving average is $14.96. Workhorse Group, Inc. has a 1-year low of $5.40 and a 1-year high of $139.69. The firm has a market capitalization of $11.80 million, a PE ratio of -0.76 and a beta of 2.32.

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

Institutional Investors Weigh In On Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC grew its position in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to 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 quarter. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 as of its most recent SEC filing. 15.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, According to MarketBeat.com, the company 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.