Workhorse Group (WKHS) Receiving Somewhat Favorable Press Coverage, Study Finds

Media coverage about Workhorse Group (NASDAQ:WKHS) has been trending somewhat positive on Tuesday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Workhorse Group earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.5336004944989 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

Workhorse Group (NASDAQ WKHS) traded down 2.45% during midday trading on Tuesday, reaching $2.79. 184,551 shares of the company’s stock were exchanged. Workhorse Group has a 1-year low of $1.85 and a 1-year high of $9.85. The firm’s 50-day moving average is $3.05 and its 200 day moving average is $2.98. The stock’s market cap is $104.13 million.

Workhorse Group (NASDAQ:WKHS) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.03). The company had revenue of $0.27 million during the quarter. Workhorse Group had a negative net margin of 419.92% and a negative return on equity of 290.34%. Equities analysts anticipate that Workhorse Group will post ($0.94) earnings per share for the current fiscal year.

A number of research firms have issued reports on WKHS. Maxim Group reiterated a “buy” rating and issued a $5.00 target price on shares of Workhorse Group in a research report on Thursday, September 14th. Cowen and Company began coverage on shares of Workhorse Group in a research report on Thursday, August 17th. They issued an “outperform” rating and a $5.25 target price for the company.

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About Workhorse Group

Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.

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