Workhorse Group (NASDAQ:WKHS) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of Workhorse Group (NASDAQ:WKHS) from a sell rating to a strong sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Workhorse Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Workhorse Group currently has a consensus rating of “Sell”.

Workhorse Group Stock Up 4.9%

Workhorse Group stock opened at $3.00 on Friday. The stock has a 50 day moving average of $3.06 and a two-hundred day moving average of $3.06. Workhorse Group has a twelve month low of $2.31 and a twelve month high of $14.88. The stock has a market capitalization of $32.79 million, a price-to-earnings ratio of -0.24 and a beta of 2.61. The company has a current ratio of 1.28, a quick ratio of 0.41 and a debt-to-equity ratio of 0.82.

Workhorse Group (NASDAQ:WKHS) last released its earnings results on Thursday, August 13th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.91). Workhorse Group had a negative net margin of 357.61% and a negative return on equity of 311.04%. The company had revenue of $3.56 million during the quarter, compared to analyst estimates of $5.33 million.

About Workhorse Group

Workhorse Group Inc is an American technology company that develops zero-emission commercial vehicles and related solutions for last-mile delivery and other fleet applications. The company focuses primarily on battery-electric delivery vehicles designed to help businesses reduce operating emissions and improve delivery efficiency.

Workhorse’s product portfolio has included the W56 electric step van and the W4 CC electric chassis cab, which are intended for commercial, vocational and delivery fleets.