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

Workhorse Group, Inc. (NASDAQ:WKHS) Director Austin Scott Miller sold 5,051 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $6.51, for a total value of $32,882.01. Following the transaction, the director directly owned 130 shares in the company, valued at $846.30. This trade represents a 97.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Workhorse Group Stock Down 8.4%

NASDAQ WKHS opened at $5.96 on Tuesday. The business’s fifty day simple moving average is $10.59 and its 200-day simple moving average is $15.06. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. The firm has a market cap of $12.93 million, a PE ratio of -0.83 and a beta of 2.32. Workhorse Group, Inc. has a 52 week low of $5.80 and a 52 week high of $153.00.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings data on Monday, November 10th. The company reported ($16.68) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.50 million. As a group, equities analysts anticipate that Workhorse Group, Inc. will post -3.8 earnings per share 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 stake in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 44,684 shares of the company’s stock after acquiring 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Workhorse Group in a research report on Wednesday, October 8th. 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”.

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.