Workhorse Group’s (WKHS) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of Workhorse Group (NASDAQ:WKHS) in a research note issued to investors on Wednesday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Workhorse Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Workhorse Group has a consensus rating of “Reduce” and an average target price of $15.63.

Workhorse Group Stock Performance

Shares of NASDAQ WKHS opened at $1.04 on Wednesday. Workhorse Group has a 1 year low of $0.81 and a 1 year high of $24.25. The firm has a market cap of $19.82 million, a price-to-earnings ratio of -0.01 and a beta of 2.79. The stock’s 50-day simple moving average is $1.32 and its 200-day simple moving average is $1.36.

Workhorse Group (NASDAQ:WKHS) last announced its earnings results on Friday, August 15th. The company reported ($1.67) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.98) by $2.31. The business had revenue of $5.67 million for the quarter, compared to analyst estimates of $2.30 million. Workhorse Group had a negative return on equity of 210.72% and a negative net margin of 760.65%. As a group, research analysts predict that Workhorse Group will post -3.8 EPS for the current year.

Hedge Funds Weigh In On Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC raised its stake in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,684 shares of the company’s stock after acquiring 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 SEC filing. 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.