Workhorse Group (NASDAQ:WKHS) Director Sells $32,882.01 in Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Pamela Mader sold 5,051 shares of the firm’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 sale, the director owned 140 shares of the company’s stock, valued at approximately $911.40. This trade represents a 97.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Workhorse Group Stock Down 8.4%

WKHS traded down $0.55 during trading on Monday, hitting $5.96. The company had a trading volume of 264,331 shares, compared to its average volume of 160,168. Workhorse Group, Inc. has a 1-year low of $5.80 and a 1-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 business has a 50-day moving average of $10.75 and a 200-day moving average of $15.10.

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

Institutional Investors Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC boosted its position in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the period. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 at the end of the most recent reporting period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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