Workhorse Group Stock Scheduled to Reverse Split on Monday, March 17th (NASDAQ:WKHS)

Workhorse Group Inc. (NASDAQ:WKHS) shares are going to reverse split on the morning of Monday, March 17th. The 2-25 reverse split was announced on Wednesday, March 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 14th.

Workhorse Group Stock Performance

Shares of NASDAQ:WKHS opened at $0.27 on Thursday. The company’s 50-day moving average is $0.56 and its 200 day moving average is $0.75. The company has a market capitalization of $11.07 million, a P/E ratio of -0.03 and a beta of 2.79. Workhorse Group has a fifty-two week low of $0.26 and a fifty-two week high of $5.80.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com raised shares of Workhorse Group to a “sell” rating in a report on Friday, January 10th. TD Cowen upped their price objective on shares of Workhorse Group from $0.25 to $1.25 and gave the company a “hold” rating in a report on Wednesday, November 20th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WKHS. Geode Capital Management LLC increased its position in shares of Workhorse Group by 76.9% in the third 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 last quarter. Virtu Financial LLC bought a new stake in Workhorse Group in the third quarter valued at $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 acquiring an additional 30,294 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in 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 acquiring an additional 19,473 shares in the last quarter. 15.98% of the stock is currently owned by 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.