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

Wall Street Zen lowered shares of Workhorse Group (NASDAQ:WKHS – Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.

Workhorse Group Trading Down 17.7%

WKHS stock opened at $2.98 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.54 and a quick ratio of 0.53. The company has a fifty day moving average price of $3.04 and a two-hundred day moving average price of $5.37. Workhorse Group has a one year low of $2.31 and a one year high of $67.32. The stock has a market cap of $32.45 million, a price-to-earnings ratio of -0.10 and a beta of 2.53.

Get Workhorse Group alerts:

Workhorse Group (NASDAQ:WKHS – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($1.99) EPS for the quarter, missing analysts’ consensus estimates of ($1.47) by ($0.52). Workhorse Group had a negative return on equity of 243.08% and a negative net margin of 299.18%.The company had revenue of $4.33 million for the quarter, compared to the consensus estimate of $8.52 million. Equities analysts anticipate that Workhorse Group will post -5.25 EPS for the current year.

Hedge Funds Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC boosted its stake in shares of Workhorse Group, Inc. (NASDAQ:WKHS – Free Report) by 32.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 about 0.47% of Workhorse Group worth $49,000 at the end of the most recent reporting period. 15.98% of the stock is owned by hedge funds and other institutional investors.

Workhorse Group Company Profile

(Get Free Report)

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.

Recommended Stories

• Five stocks we like better than Workhorse Group
• 3 Stocks to Own If Gas Prices Keep Rising
• 3 Crucial Aerospace Component Makers That Analysts Love
• Alphabet’s Googlebook Brings Gemini AI to PC Hardware
• Peloton Stock Gives Back Gains After Upbeat Earnings Report

Receive News & Ratings for Workhorse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workhorse Group and related companies with MarketBeat.com's FREE daily email newsletter.