Workhorse Group, Inc. (NASDAQ:WKHS) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS
Workhorse Group, Inc. (NASDAQ:WKHS) released its quarterly earnings data on Wednesday. The company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.03, Bloomberg Earnings reports. Workhorse Group had a negative net margin of 290.27% and a negative return on equity of 256.70%. The firm had revenue of $0.27 million for the quarter.
Workhorse Group (WKHS) traded down 1.14% during midday trading on Thursday, hitting $2.61. The company had a trading volume of 190,959 shares. The firm’s market capitalization is $93.87 million. The firm’s 50 day moving average is $3.17 and its 200-day moving average is $2.98. Workhorse Group has a 52 week low of $1.85 and a 52 week high of $10.30.
An institutional investor recently bought a new position in Workhorse Group stock. LMR Partners LLP purchased a new stake in shares of Workhorse Group, Inc. (NASDAQ:WKHS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 34,044 shares of the company’s stock, valued at approximately $126,000. LMR Partners LLP owned 0.09% of Workhorse Group as of its most recent filing with the SEC. 15.97% of the stock is owned by hedge funds and other institutional investors.
Separately, Maxim Group set a $5.00 price objective on Workhorse Group and gave the company a “buy” rating in a report on Wednesday.
Workhorse Group Company Profile
Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.
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