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

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

Separately, 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.

Workhorse Group Trading Down 0.1 %

WKHS stock opened at $0.76 on Friday. Workhorse Group has a 1-year low of $0.57 and a 1-year high of $8.18. The business’s 50 day simple moving average is $0.95 and its 200 day simple moving average is $1.02. The firm has a market capitalization of $31.25 million, a PE ratio of -0.10 and a beta of 2.70.

Hedge Funds Weigh In On Workhorse Group

Large investors have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in Workhorse Group by 91.6% in 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. Virtu Financial LLC acquired a new stake in shares of Workhorse Group during the third quarter worth $51,000. Cubist Systematic Strategies LLC bought a new stake in shares of Workhorse Group in the second quarter valued at about $55,000. Sei Investments Co. acquired a new position in shares of Workhorse Group in the second quarter valued at about $69,000. Finally, Geode Capital Management LLC increased its position in Workhorse Group by 76.9% during 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. Institutional investors own 15.98% of the company’s stock.

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.