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

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

Workhorse Group Stock Performance

Shares of WKHS stock opened at $5.96 on Tuesday. 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 firm has a fifty day simple moving average of $10.59 and a two-hundred day simple moving average of $15.06. Workhorse Group, Inc. has a 12 month low of $5.80 and a 12 month high of $153.00. The firm has a market capitalization of $12.93 million, a PE ratio of -0.83 and a beta of 2.32.

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

Institutional Trading of 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 at the end of the most recent reporting period. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

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