Workhorse Group (NASDAQ:WKHS) Shares Scheduled to Reverse Split on Monday, December 8th

Shares of Workhorse Group, Inc. (NASDAQ:WKHS) are scheduled to reverse split on Monday, December 8th. The 1-12 reverse split was announced on Wednesday, December 3rd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, December 5th.

Workhorse Group Trading Down 5.2%

Shares of WKHS traded down $0.05 during midday trading on Thursday, hitting $0.85. The stock had a trading volume of 1,125,993 shares, compared to its average volume of 1,707,420. The stock’s 50 day moving average is $0.96 and its 200 day moving average is $1.27. The firm has a market cap of $20.43 million, a PE ratio of -0.12 and a beta of 2.32. 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 has a 1 year low of $0.53 and a 1 year high of $15.75.

Workhorse Group (NASDAQ:WKHS) last released its earnings results on Monday, November 10th. The company reported ($1.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.45) by $0.06. The firm had revenue of $2.38 million during the quarter, compared to analyst estimates of $2.50 million. Workhorse Group had a negative net margin of 606.64% and a negative return on equity of 232.69%. As a group, analysts forecast that Workhorse Group will post -3.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WKHS. Wall Street Zen raised Workhorse Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Workhorse Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC lifted its position in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the period. 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.

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.