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 report report published on Tuesday.

Separately, TD Cowen raised their price target 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 Stock Down 7.0 %

Shares of NASDAQ:WKHS opened at $1.07 on Tuesday. The company has a market capitalization of $26.07 million, a P/E ratio of -0.13 and a beta of 2.55. The stock’s fifty day simple moving average is $0.88 and its 200-day simple moving average is $1.62. Workhorse Group has a 52-week low of $0.57 and a 52-week high of $8.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WKHS. Vanguard Group Inc. increased 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 purchasing an additional 453,085 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Workhorse Group by 83.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock worth $78,000 after buying an additional 149,960 shares during the last quarter. Swedbank AB purchased a new position in shares of Workhorse Group in the 1st quarter worth $303,000. Sei Investments Co. acquired a new position in Workhorse Group in the second quarter valued at $69,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Workhorse Group during the second quarter valued at about $55,000. 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.