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

StockNews.com upgraded shares of Workhorse Group (NASDAQ:WKHS) to a sell rating in a research note published on Tuesday morning.

Separately, TD Cowen upped their price target on 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

Shares of Workhorse Group stock opened at $1.07 on Tuesday. The stock has a fifty day simple moving average of $0.90 and a 200 day simple moving average of $1.59. Workhorse Group has a 12-month low of $0.57 and a 12-month high of $8.78. The company has a market capitalization of $26.07 million, a P/E ratio of -0.13 and a beta of 2.55.

Hedge Funds Weigh In On Workhorse Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC increased its position in 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. Cubist Systematic Strategies LLC bought a new stake in Workhorse Group during the second quarter valued at about $55,000. Sei Investments Co. bought a new position in shares of Workhorse Group in the second quarter worth about $69,000. Virtu Financial LLC bought a new position in shares of Workhorse Group in the third quarter worth about $51,000. Finally, Geode Capital Management LLC boosted its stake 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 acquiring an additional 123,150 shares during the period. 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.