Workhorse Group (NASDAQ:WKHS) Director Jacqueline Dedo Sells 5,051 Shares of Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Jacqueline Dedo sold 5,051 shares of Workhorse Group stock in a transaction dated 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 156 shares in the company, valued at approximately $1,015.56. The trade was a 97.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Workhorse Group Price Performance

Shares of Workhorse Group stock opened at $5.96 on Tuesday. Workhorse Group, Inc. has a 52 week low of $5.80 and a 52 week high of $153.00. 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 stock has a market cap of $12.93 million, a PE ratio of -0.83 and a beta of 2.32. The company’s 50-day moving average price is $10.59 and its two-hundred day moving average price is $15.06.

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, topping 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 analysts’ expectations of $2.50 million. As a group, sell-side analysts anticipate that Workhorse Group, Inc. will post -3.8 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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% during the second quarter, according to 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 acquiring 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. Hedge funds and other institutional investors own 15.98% of the company’s stock.

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.