Workhorse Group (NASDAQ:WKHS) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Workhorse Group (NASDAQ:WKHS) in a research report report published on Tuesday morning. The brokerage issued a sell rating on the stock.

Separately, TD Cowen boosted their target price on shares of Workhorse Group from $3.13 to $15.63 and gave the stock a “hold” rating in a research note on Wednesday, November 20th.

Workhorse Group Stock Performance

NASDAQ WKHS opened at $2.20 on Tuesday. The firm’s fifty day moving average price is $6.07 and its two-hundred day moving average price is $9.14. The stock has a market cap of $7.21 million, a PE ratio of -0.28 and a beta of 2.79. Workhorse Group has a fifty-two week low of $1.91 and a fifty-two week high of $68.07.

Institutional Trading of Workhorse Group

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of Workhorse Group by 17.4% in the fourth quarter. Geode Capital Management LLC now owns 332,561 shares of the company’s stock worth $232,000 after purchasing an additional 49,291 shares during the last quarter. Swedbank AB grew its stake in shares of Workhorse Group by 46.2% in the fourth quarter. Swedbank AB now owns 95,796 shares of the company’s stock worth $67,000 after purchasing an additional 30,294 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Workhorse Group in the third quarter worth $51,000. Finally, Jane Street Group LLC grew 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 worth $35,000 after purchasing an additional 19,473 shares during the last quarter. 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.