Workhorse Group (NASDAQ:WKHS) Director Raymond Joseph Chess Sells 6,314 Shares

Workhorse Group, Inc. (NASDAQ:WKHS) Director Raymond Joseph Chess sold 6,314 shares of the 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 $41,104.14. Following the sale, the director owned 215 shares of the company’s stock, valued at approximately $1,399.65. The trade was a 96.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Workhorse Group Stock Down 8.4%

WKHS stock opened at $5.96 on Tuesday. Workhorse Group, Inc. has a twelve month low of $5.80 and a twelve month high of $153.00. 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 company has a market cap of $12.93 million, a PE ratio of -0.83 and a beta of 2.32. The business’s 50-day simple moving average is $10.59 and its 200 day simple moving average is $15.06.

Workhorse Group (NASDAQ:WKHS) last posted its quarterly earnings results 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 firm had revenue of $2.38 million during the quarter, compared to analyst estimates of $2.50 million. On average, research analysts anticipate that Workhorse Group, Inc. will post -3.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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, According to data from MarketBeat.com, Workhorse Group currently has an average 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 lifted its holdings in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,684 shares of the company’s stock after buying an additional 11,073 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Workhorse Group worth $49,000 at the end of the most recent quarter. 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.