StockNews.com Upgrades Workhorse Group (NASDAQ:WKHS) to Sell

Workhorse Group (NASDAQ:WKHS) was upgraded by StockNews.com to a “sell” rating in a research note issued to investors on Wednesday.

Separately, TD Cowen boosted their price objective on shares of Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a research note on Wednesday, November 20th.

Workhorse Group Price Performance

NASDAQ WKHS opened at $0.76 on Wednesday. Workhorse Group has a 1-year low of $0.57 and a 1-year high of $8.18. The firm has a market capitalization of $31.00 million, a P/E ratio of -0.09 and a beta of 2.63. The business’s 50-day simple moving average is $0.96 and its 200-day simple moving average is $1.25.

Institutional Investors Weigh In On Workhorse Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in Workhorse Group by 76.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock worth $246,000 after acquiring an additional 123,150 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Workhorse Group during the third quarter valued at approximately $51,000. Sei Investments Co. acquired a new position in shares of Workhorse Group during the second quarter worth $69,000. Cubist Systematic Strategies LLC purchased a new position in shares of Workhorse Group in the second quarter valued at $55,000. Finally, Jane Street Group LLC boosted its stake in shares of Workhorse Group by 91.6% in the third quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock valued at $35,000 after purchasing an additional 19,473 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Workhorse Group Company Profile

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.