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

Workhorse Group Inc. (NASDAQ:WKHS) shares are scheduled 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 market closes on Friday, March 14th.

Workhorse Group Stock Performance

Shares of WKHS opened at $0.27 on Thursday. Workhorse Group has a 52 week low of $0.26 and a 52 week high of $5.80. The firm’s 50-day simple moving average is $0.56 and its 200 day simple moving average is $0.75. The firm has a market cap of $11.07 million, a P/E ratio of -0.03 and a beta of 2.79.

Analyst Ratings Changes

A number of research firms recently commented on WKHS. StockNews.com raised shares of Workhorse Group to a “sell” rating in a research report on Friday, January 10th. TD Cowen raised their price target on Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a research report on Wednesday, November 20th.

Institutional Trading of Workhorse Group

Several institutional investors and hedge funds have recently modified their holdings of WKHS. Jane Street Group LLC lifted its stake 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 purchasing an additional 19,473 shares during the last quarter. Swedbank AB raised its position in shares of Workhorse Group by 46.2% during the fourth quarter. Swedbank AB now owns 95,796 shares of the company’s stock worth $67,000 after acquiring an additional 30,294 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Workhorse Group by 17.4% in 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 period. Finally, Virtu Financial LLC bought a new stake in shares of Workhorse Group in the 3rd quarter valued at $51,000. 15.98% of the stock is currently owned by 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.