Workhorse Group (NASDAQ:WKHS) Upgraded at StockNews.com

Workhorse Group (NASDAQ:WKHS) was upgraded by analysts at StockNews.com to a “sell” rating in a report issued on Tuesday.

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

Workhorse Group Price Performance

NASDAQ WKHS opened at $1.07 on Tuesday. The stock has a market capitalization of $26.07 million, a P/E ratio of -0.13 and a beta of 2.55. Workhorse Group has a 52-week low of $0.57 and a 52-week high of $8.78. The firm has a 50-day moving average price of $0.89 and a 200 day moving average price of $1.60.

Institutional Trading of Workhorse Group

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Workhorse Group by 4.6% during the first quarter. Vanguard Group Inc. now owns 10,323,640 shares of the company’s stock worth $2,422,000 after acquiring an additional 453,085 shares during the last quarter. Swedbank AB acquired a new stake in shares of Workhorse Group during the first quarter worth $303,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Workhorse Group by 83.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock worth $78,000 after purchasing an additional 149,960 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Workhorse Group by 76.9% in the third quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock valued at $246,000 after purchasing an additional 123,150 shares during the period. Finally, Virtu Financial LLC acquired a new position in Workhorse Group in the third quarter valued at $51,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.