Workhorse Group, Inc. (NASDAQ:WKHS – Get Free Report)’s stock price passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $3.04 and traded as low as $2.61. Workhorse Group shares last traded at $2.66, with a volume of 28,752 shares traded.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on WKHS shares. Wall Street Zen cut Workhorse Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 19th. Weiss Ratings raised Workhorse Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Read Our Latest Stock Report on WKHS
Workhorse Group Stock 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 firm’s 50-day moving average price is $3.02 and its two-hundred day moving average price is $3.01. The firm has a market capitalization of $28.96 million, a price-to-earnings ratio of -0.22 and a beta of 2.62.
Workhorse Group (NASDAQ:WKHS – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($1.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.91). The business had revenue of $3.56 million during the quarter, compared to the consensus estimate of $5.33 million. Workhorse Group had a negative net margin of 357.61% and a negative return on equity of 311.04%.
About Workhorse Group
Workhorse Group Inc is an American technology company focused on developing and manufacturing battery-electric commercial vehicles for the last-mile delivery and work-truck markets. Its products are designed primarily for commercial fleets seeking to reduce fuel consumption, emissions and operating costs.
The company’s product portfolio has included electric step vans such as the W56, cab-chassis vehicles including the W4 CC, and other commercial platforms intended for delivery, service and utility applications.
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