StockNews.com Upgrades Workhorse Group (NASDAQ:WKHS) to “Sell”

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

Separately, TD Cowen lifted 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 Trading Down 6.3 %

WKHS opened at $0.70 on Thursday. The company’s 50 day moving average is $0.95 and its 200 day moving average is $1.07. The company has a market cap of $28.61 million, a price-to-earnings ratio of -0.09 and a beta of 2.63. Workhorse Group has a 12-month low of $0.57 and a 12-month high of $8.18.

Institutional Investors Weigh In On Workhorse Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new position in Workhorse Group during the second quarter valued at approximately $69,000. Cubist Systematic Strategies LLC bought a new stake in shares of Workhorse Group during the 2nd quarter valued at $55,000. Jane Street Group LLC lifted its stake 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 valued at $35,000 after buying an additional 19,473 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 buying an additional 123,150 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Workhorse Group in the 3rd quarter worth $51,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.