Workhorse Group (NASDAQ:WKHS) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen cut shares of Workhorse Group (NASDAQ:WKHS) from a sell rating to a strong sell rating in a research note issued to 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 note on Thursday, September 10th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Workhorse Group Price Performance

Shares of NASDAQ:WKHS opened at $2.86 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock has a market cap of $31.26 million, a PE ratio of -0.23 and a beta of 2.61. The company’s fifty day moving average is $3.05 and its 200 day moving average is $3.07. Workhorse Group has a 52 week low of $2.31 and a 52 week high of $15.00.

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

Workhorse Group Company Profile

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.