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

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

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

Workhorse Group Stock Performance

Workhorse Group stock opened at $1.02 on Thursday. The firm’s 50 day moving average price is $0.92 and its two-hundred day moving average price is $1.48. Workhorse Group has a twelve month low of $0.57 and a twelve month high of $8.78. The firm has a market cap of $41.80 million, a PE ratio of -0.13 and a beta of 2.63.

Institutional Investors Weigh In On Workhorse Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Workhorse Group by 4.6% in the 1st 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. Price T Rowe Associates Inc. MD raised its position in shares of Workhorse Group by 83.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock worth $78,000 after acquiring an additional 149,960 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Workhorse Group by 76.9% in 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 acquired a new position in Workhorse Group during the 3rd quarter valued at about $51,000. Finally, Sei Investments Co. acquired a new position in Workhorse Group during the 2nd quarter valued at about $69,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

About Workhorse Group

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.