Workhorse Group (NASDAQ:WKHS) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Workhorse Group, Inc. (NASDAQ:WKHS) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.00 and traded as low as $2.95. Workhorse Group shares last traded at $3.10, with a volume of 67,875 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WKHS shares. Wall Street Zen cut Workhorse Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Workhorse Group in a report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Workhorse Group Price Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.41 and a current ratio of 1.28. The stock’s fifty day moving average price is $3.00 and its 200-day moving average price is $3.09. The firm has a market cap of $33.88 million, a PE ratio of -0.25 and a beta of 2.61.

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

Institutional Investors Weigh In On Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC boosted its position in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the quarter. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 at the end of the most recent reporting period. Institutional investors own 15.98% of the company’s stock.

Workhorse Group Company Profile

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.