Workhorse Group (NASDAQ:WKHS) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Workhorse Group, Inc. (NASDAQ:WKHS)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $2.94 and traded as high as $3.18. Workhorse Group shares last traded at $3.15, with a volume of 347,726 shares trading hands.

Analyst Upgrades and Downgrades

WKHS has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Workhorse Group from a “sell” rating to a “strong sell” rating in a 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 currently has a consensus rating of “Sell”.

Workhorse Group Price Performance

The company has a market capitalization of $34.43 million, a PE ratio of -0.26 and a beta of 2.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 0.41. The company’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $3.22.

Workhorse Group (NASDAQ:WKHS) last released its quarterly earnings data 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 company had revenue of $3.56 million for the quarter, compared to analyst estimates 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 and manufacturing company focused on all-electric commercial vehicles. The company develops purpose-built vehicles for last-mile delivery, logistics, and other commercial fleet applications, with an emphasis on reducing operating emissions and supporting the transition from conventional gasoline- and diesel-powered vehicles.

Workhorse’s product portfolio has included electric step vans and chassis-cab vehicles designed for parcel delivery, trades, and other vocational uses.