Workhorse Group (NASDAQ:WKHS) Stock Rating Lowered by Wall Street Zen

Workhorse Group (NASDAQ:WKHS) was downgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Workhorse Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, September 10th. 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”.

Workhorse Group Stock Performance

Shares of WKHS opened at $2.86 on Friday. The company has a market capitalization of $31.26 million, a PE ratio of -0.23 and a beta of 2.61. Workhorse Group has a one year low of $2.31 and a one year high of $15.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 0.41. The company’s fifty day moving average price is $3.05 and its 200 day moving average price is $3.07.

Workhorse Group (NASDAQ:WKHS) last released its quarterly 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). The firm had revenue of $3.56 million for the quarter, compared to the consensus estimate of $5.33 million. Workhorse Group had a negative net margin of 357.61% and a negative return on equity of 311.04%.

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.