Workhorse Group (NASDAQ:WKHS) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Workhorse Group, Inc. (NASDAQ:WKHS) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.85 and traded as low as $2.76. Workhorse Group shares last traded at $2.93, with a volume of 101,731 shares trading hands.

Workhorse Group Price Performance

The company’s fifty day moving average is $3.85 and its two-hundred day moving average is $7.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 1.21. The firm has a market cap of $6.36 million, a price-to-earnings ratio of -0.03 and a beta of 2.68.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC increased its stake in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,684 shares of the company’s stock after buying an additional 11,073 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Workhorse Group worth $49,000 as of its most recent filing with the SEC. 15.98% of the stock is currently owned by institutional investors.

About Workhorse Group

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.