Workhorse Group (NASDAQ:WKHS) Director Jean Botti Sells 5,051 Shares of Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Jean Botti sold 5,051 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $6.51, for a total value of $32,882.01. Following the completion of the transaction, the director directly owned 143 shares of the company’s stock, valued at $930.93. This represents a 97.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Workhorse Group Stock Down 8.4%

NASDAQ:WKHS opened at $5.96 on Tuesday. Workhorse Group, Inc. has a one year low of $5.80 and a one year high of $153.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.71. The company has a market cap of $12.93 million, a PE ratio of -0.83 and a beta of 2.32. The firm’s 50 day simple moving average is $10.59 and its 200 day simple moving average is $15.06.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Workhorse Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Workhorse Group currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC raised its position in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,684 shares of the company’s stock after acquiring an additional 11,073 shares during the quarter. Geode Capital Management LLC owned about 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.

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.