Workhorse Group (NASDAQ:WKHS) CEO Richard Dauch Sells 8,564 Shares

Workhorse Group, Inc. (NASDAQ:WKHS) CEO Richard Dauch sold 8,564 shares of Workhorse Group stock in a transaction on Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $55,751.64. Following the completion of the transaction, the chief executive officer owned 1,310 shares in the company, valued at approximately $8,528.10. This trade represents a 86.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Workhorse Group Trading Down 8.4%

Shares of NASDAQ:WKHS traded down $0.55 during trading on Monday, reaching $5.96. 264,331 shares of the stock were exchanged, compared to its average volume of 160,168. The firm’s 50-day moving average price is $10.75 and its 200 day moving average price is $15.10. The firm has a market cap of $12.93 million, a price-to-earnings ratio of -0.83 and a beta of 2.32. Workhorse Group, Inc. has a 12-month low of $5.80 and a 12-month high of $153.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 1.21.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings results on Monday, November 10th. The company reported ($16.68) earnings per share (EPS) for the quarter, beating the consensus estimate of ($17.40) by $0.72. Workhorse Group had a negative return on equity of 232.69% and a negative net margin of 606.64%.The firm had revenue of $2.38 million during the quarter, compared to the consensus estimate of $2.50 million. On average, sell-side analysts anticipate that Workhorse Group, Inc. will post -3.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC grew its position in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the quarter. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Workhorse Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.