Workhorse Group (NASDAQ:WKHS) Shares Set to Reverse Split on Monday, December 8th

Workhorse Group, Inc. (NASDAQ:WKHS) shares are scheduled to reverse split before the market opens on Monday, December 8th. The 1-12 reverse split was announced on Wednesday, December 3rd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, December 5th.

Workhorse Group Stock Performance

Shares of WKHS traded down $0.05 during mid-day trading on Thursday, hitting $0.85. 1,125,993 shares of the company’s stock were exchanged, compared to its average volume of 4,015,330. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.71. Workhorse Group has a 52 week low of $0.53 and a 52 week high of $15.75. The company has a 50-day simple moving average of $0.96 and a 200 day simple moving average of $1.27.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings data on Monday, November 10th. The company reported ($1.39) EPS for the quarter, topping analysts’ consensus estimates of ($1.45) by $0.06. Workhorse Group had a negative net margin of 606.64% and a negative return on equity of 232.69%. The business had revenue of $2.38 million for the quarter, compared to analyst estimates of $2.50 million. On average, equities research analysts anticipate that Workhorse Group will post -3.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on WKHS. Weiss Ratings restated a “sell (e+)” rating on shares of Workhorse Group in a research note on Wednesday, October 8th. Wall Street Zen raised Workhorse Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC boosted its stake in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Workhorse Group worth $49,000 at the end of the most recent reporting period. Institutional investors 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.