Insider Selling: Workhorse Group (NASDAQ:WKHS) CEO Sells $55,751.64 in Stock

Workhorse Group, Inc. (NASDAQ:WKHS) CEO Richard Dauch sold 8,564 shares of Workhorse Group stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $6.51, for a total value of $55,751.64. Following the completion of the transaction, the chief executive officer directly owned 1,310 shares of the company’s stock, valued at approximately $8,528.10. This represents a 86.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Workhorse Group Stock Down 4.9%

Shares of WKHS opened at $5.44 on Thursday. The company’s 50-day simple moving average is $10.29 and its 200-day simple moving average is $14.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 1.21. Workhorse Group, Inc. has a 1 year low of $5.40 and a 1 year high of $139.69. The stock has a market capitalization of $11.80 million, a PE ratio of -0.76 and a beta of 2.32.

Workhorse Group (NASDAQ:WKHS) last announced its earnings results on Monday, November 10th. The company reported ($16.68) earnings per share 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 for the quarter, compared to the consensus estimate of $2.50 million. Analysts forecast that Workhorse Group, Inc. will post -3.8 earnings per share for the current fiscal 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 holdings in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during 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 buying an additional 11,073 shares during the quarter. Geode Capital Management LLC owned approximately 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.

Analyst Upgrades and Downgrades

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