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

Workhorse Group, Inc. (NASDAQ:WKHS) Director Jacqueline Dedo sold 5,051 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $6.51, for a total value of $32,882.01. Following the transaction, the director directly owned 156 shares in the company, valued at $1,015.56. The trade was a 97.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Workhorse Group Trading Down 4.9%

Shares of NASDAQ WKHS opened at $5.44 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. Workhorse Group, Inc. has a one year low of $5.40 and a one year high of $139.69. The business has a 50-day moving average price of $10.29 and a two-hundred day moving average price of $14.96. The firm 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 issued its earnings results 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. The company had revenue of $2.38 million for the quarter, compared to the consensus estimate of $2.50 million. Workhorse Group had a negative return on equity of 232.69% and a negative net margin of 606.64%. As a group, analysts predict that Workhorse Group, Inc. will post -3.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Workhorse Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Workhorse Group has an average rating of “Sell”.

Hedge Funds Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC increased its position in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,684 shares of the company’s stock after buying 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 currently owned by hedge funds and other institutional investors.

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.