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 that occurred 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 transaction, the director directly owned 156 shares of the company’s stock, valued at $1,015.56. The trade was a 97.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Workhorse Group Stock Performance

NASDAQ:WKHS traded down $0.55 during trading hours on Monday, hitting $5.96. 264,331 shares of the company were exchanged, compared to its average volume of 160,168. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.71. Workhorse Group, Inc. has a 52-week low of $5.80 and a 52-week high of $153.00. The stock has a market capitalization of $12.93 million, a price-to-earnings ratio of -0.83 and a beta of 2.32. The company’s 50 day moving average price is $10.75 and its 200-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, beating analysts’ consensus estimates 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 firm had revenue of $2.38 million for the quarter, compared to analyst estimates of $2.50 million. As a group, research analysts forecast that Workhorse Group, Inc. will post -3.8 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Workhorse Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently 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 increased its position in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second 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 buying an additional 11,073 shares during the period. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.