Workhorse Group (NASDAQ:WKHS) Now Covered by Analysts at StockNews.com

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

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 note on Wednesday, November 20th.

Workhorse Group Stock Up 4.4 %

Shares of NASDAQ WKHS opened at $2.12 on Tuesday. The business has a 50-day moving average price of $0.59 and a 200 day moving average price of $0.77. The stock has a market cap of $6.95 million, a PE ratio of -0.27 and a beta of 2.79. Workhorse Group has a 52-week low of $2.03 and a 52-week high of $68.07.

Institutional Investors Weigh In On Workhorse Group

Several hedge funds have recently modified their holdings of WKHS. Jane Street Group LLC grew its holdings in shares of Workhorse Group by 91.6% during the 3rd 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 period. Virtu Financial LLC purchased a new stake in shares of Workhorse Group during the third quarter worth about $51,000. Swedbank AB boosted its holdings in Workhorse Group by 46.2% in the fourth quarter. Swedbank AB now owns 95,796 shares of the company’s stock valued at $67,000 after purchasing an additional 30,294 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Workhorse Group by 17.4% during the 4th 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. 15.98% of the stock is owned by institutional investors and hedge funds.

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.