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Why Workhorse Group's Stock Is Trading Lower Today

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Why Workhorse Group's Stock Is Trading Lower Today

Workhorse Group (NASDAQ: WKHS) shares are trading lower on Monday after the company reported worse-than-expected second-quarter sales results.

Workhorse Group reported quarterly sales of $91,940, which missed the analyst consensus estimate of $270,000.

Workhorse Group designs, develops, manufactures and sells high-performance, medium-duty trucks with powertrain components under the Workhorse chassis brand.

Workhorse Group shares were trading down 3.57% at $15.93 at the time of publication Monday. The stock has a 52-week high of $22.90 and a 52-week low of $1.32.

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