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

StockNews.com upgraded shares of Workhorse Group (NASDAQ:WKHS) to a sell rating in a research note published on Friday morning.

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

Workhorse Group Stock Performance

Workhorse Group stock opened at $0.76 on Friday. The company has a market cap of $31.25 million, a price-to-earnings ratio of -0.10 and a beta of 2.70. Workhorse Group has a 1 year low of $0.57 and a 1 year high of $8.18. The firm has a 50 day moving average price of $0.95 and a 200 day moving average price of $1.01.

Institutional Trading of Workhorse Group

A number of institutional investors and hedge funds have recently bought and sold shares of WKHS. 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. Virtu Financial LLC acquired a new stake in Workhorse Group during the third quarter valued at approximately $51,000. Cubist Systematic Strategies LLC bought a new position in Workhorse Group during the second quarter worth $55,000. Sei Investments Co. bought a new stake in shares of Workhorse Group during the 2nd quarter valued at about $69,000. Finally, Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 123,150 shares during the period. Institutional investors and hedge funds 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.