Workhorse Group (NASDAQ:WKHS) Posts Earnings Results, Meets Estimates

Workhorse Group (NASDAQ:WKHS) announced its earnings results on Monday. The company reported ($1.40) earnings per share for the quarter, hitting analysts’ consensus estimates of ($1.40), Yahoo Finance reports. The company had revenue of $0.84 million for the quarter, compared to analyst estimates of $3.00 million. Workhorse Group had a negative return on equity of 138.20% and a negative net margin of 1,005.23%. During the same quarter last year, the company earned ($2.40) earnings per share.

Workhorse Group Stock Performance

Shares of NASDAQ WKHS traded down $0.04 during trading hours on Wednesday, reaching $0.92. 124,209 shares of the stock were exchanged, compared to its average volume of 847,534. The firm has a market capitalization of $17.30 million, a price-to-earnings ratio of -0.09 and a beta of 2.57. Workhorse Group has a 52 week low of $0.86 and a 52 week high of $16.60. The stock’s fifty day simple moving average is $1.60 and its 200 day simple moving average is $3.51.

About Workhorse Group

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.