Workhorse Group, Inc. (NASDAQ:WKHS – Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.04 and traded as low as $2.95. Workhorse Group shares last traded at $3.03, with a volume of 52,132 shares.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded 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, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
Get Our Latest Research Report on WKHS
Workhorse Group Stock Down 5.1%
Workhorse Group (NASDAQ:WKHS – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($1.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.91). The company had revenue of $3.56 million during the quarter, compared to the consensus estimate of $5.33 million. Workhorse Group had a negative return on equity of 311.04% and a negative net margin of 357.61%.
About Workhorse Group
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.
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