Insider Selling: Workhorse Group (NASDAQ:WKHS) Director Sells 6,314 Shares of Stock

Workhorse Group, Inc. (NASDAQ:WKHS) Director Raymond Joseph Chess sold 6,314 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $41,104.14. Following the sale, the director owned 215 shares in the company, valued at $1,399.65. The trade was a 96.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Workhorse Group Price Performance

WKHS traded down $0.55 during trading on Monday, reaching $5.96. 264,331 shares of the company were exchanged, compared to its average volume of 160,168. The company’s 50-day moving average is $10.75 and its two-hundred day moving average is $15.10. The company has a market cap of $12.93 million, a price-to-earnings 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 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 posted its earnings results on Monday, November 10th. The company reported ($16.68) earnings per share (EPS) for the quarter, topping the consensus estimate of ($17.40) by $0.72. Workhorse Group had a negative net margin of 606.64% and a negative return on equity of 232.69%. The business had revenue of $2.38 million for the quarter, compared to analysts’ expectations of $2.50 million. Research analysts forecast that Workhorse Group, Inc. will post -3.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Workhorse Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,684 shares of the company’s stock after acquiring an additional 11,073 shares during the quarter. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 at the end of the most recent quarter. Institutional investors own 15.98% of the company’s stock.

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.