Workhorse Group (NASDAQ:WKHS) Director Jean Botti Sells 5,051 Shares

Workhorse Group, Inc. (NASDAQ:WKHS) Director Jean Botti sold 5,051 shares of Workhorse Group stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $6.51, for a total transaction of $32,882.01. Following the transaction, the director directly owned 143 shares in the company, valued at approximately $930.93. This represents a 97.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Workhorse Group Stock Performance

WKHS stock traded down $0.55 during mid-day trading on Monday, hitting $5.96. The company had a trading volume of 264,331 shares, compared to its average volume of 160,168. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 1.21. The firm has a market cap of $12.93 million, a PE ratio of -0.83 and a beta of 2.32. Workhorse Group, Inc. has a 12 month low of $5.80 and a 12 month high of $153.00. The stock’s fifty day moving average price is $10.75 and its two-hundred day moving average price is $15.10.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings data 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. The company had revenue of $2.38 million during the quarter, compared to analyst estimates of $2.50 million. Workhorse Group had a negative return on equity of 232.69% and a negative net margin of 606.64%. On average, analysts forecast that Workhorse Group, Inc. will post -3.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC boosted its position in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,684 shares of the company’s stock after acquiring 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 owned by hedge funds and other institutional investors.

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.