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

Workhorse Group, Inc. (NASDAQ:WKHS) Director Austin Scott Miller sold 5,051 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $32,882.01. Following the completion of the transaction, the director directly owned 130 shares of the company’s stock, valued at $846.30. The trade was a 97.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Workhorse Group Price Performance

Workhorse Group stock opened at $5.44 on Thursday. The stock has a market capitalization of $11.80 million, a P/E ratio of -0.76 and a beta of 2.32. Workhorse Group, Inc. has a 12-month low of $5.40 and a 12-month high of $139.69. 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 firm’s 50-day moving average is $10.29 and its two-hundred day moving average is $14.96.

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, 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 business had revenue of $2.38 million for the quarter, compared to the consensus estimate of $2.50 million. Equities analysts predict that Workhorse Group, Inc. will post -3.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC grew its position in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Workhorse Group Company Profile

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.