Insider Selling: Workhorse Group (NASDAQ:WKHS) Director Sells $12,329.94 in Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Alan Henricks sold 1,894 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 $12,329.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 posted its quarterly earnings data 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 net margin of 606.64% and a negative return on equity of 232.69%. The business had revenue of $2.38 million during the quarter, compared to analyst estimates 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 reaffirmed a “sell (e+)” rating on shares of Workhorse Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC lifted 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 13F filing 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 period. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 as of its most recent SEC filing. 15.98% of the stock is currently 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.