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

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

Separately, TD Cowen increased their target price on shares of Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a report on Wednesday, November 20th.

Workhorse Group Price Performance

WKHS stock opened at $1.10 on Thursday. The company has a market capitalization of $45.08 million, a PE ratio of -0.14 and a beta of 2.63. Workhorse Group has a 12 month low of $0.57 and a 12 month high of $8.40. The firm’s 50-day moving average is $0.92 and its 200 day moving average is $1.45.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WKHS. Vanguard Group Inc. grew its holdings in Workhorse Group by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 10,323,640 shares of the company’s stock worth $2,422,000 after acquiring an additional 453,085 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Workhorse Group by 83.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock valued at $78,000 after buying an additional 149,960 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Workhorse Group by 76.9% in the 3rd quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock valued at $246,000 after buying an additional 123,150 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Workhorse Group in the 3rd quarter valued at about $51,000. Finally, Sei Investments Co. acquired a new stake in Workhorse Group in the 2nd quarter worth approximately $69,000. 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.