Workhorse Group (NASDAQ:WKHS) Director Pamela Mader Sells 5,051 Shares of Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Pamela Mader sold 5,051 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $6.51, for a total transaction of $32,882.01. Following the completion of the transaction, the director owned 140 shares of the company’s stock, valued at approximately $911.40. The trade was a 97.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Workhorse Group Trading Down 8.4%

NASDAQ:WKHS opened at $5.96 on Tuesday. The firm has a market capitalization of $12.93 million, a P/E ratio of -0.83 and a beta of 2.32. 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, Inc. has a one year low of $5.80 and a one year high of $153.00. The company’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 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. 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, analysts forecast that Workhorse Group, Inc. will post -3.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, According to MarketBeat, Workhorse Group 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 holdings in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 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.