Jacqueline Dedo Sells 5,051 Shares of Workhorse Group (NASDAQ:WKHS) Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Jacqueline Dedo sold 5,051 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $32,882.01. Following the completion of the sale, the director directly owned 156 shares in the company, valued at approximately $1,015.56. This represents a 97.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Workhorse Group Trading Down 8.4%

NASDAQ:WKHS traded down $0.55 during mid-day trading on Monday, hitting $5.96. 264,331 shares of the stock traded hands, compared to its average volume of 160,168. The stock has a market capitalization of $12.93 million, a price-to-earnings ratio of -0.83 and a beta of 2.32. Workhorse Group, Inc. has a 52 week low of $5.80 and a 52 week high of $153.00. The firm’s 50 day moving average is $10.75 and its two-hundred day moving average is $15.10. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 0.16.

Workhorse Group (NASDAQ:WKHS) last released its earnings results on Monday, November 10th. The company reported ($16.68) EPS for the quarter, beating analysts’ consensus estimates of ($17.40) by $0.72. Workhorse Group had a negative return on equity of 232.69% and a negative net margin of 606.64%.The firm had revenue of $2.38 million for the quarter, compared to analysts’ expectations of $2.50 million. On average, equities research analysts predict that Workhorse Group, Inc. will post -3.8 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC grew its holdings in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the period. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 at the end of the most recent quarter. 15.98% of the stock is owned by 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.