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

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

Separately, TD Cowen lifted 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.

Workhorse Group Stock Performance

Shares of NASDAQ WKHS opened at $1.07 on Tuesday. The stock has a market capitalization of $26.07 million, a PE ratio of -0.13 and a beta of 2.55. The stock’s fifty day simple moving average is $0.90 and its two-hundred day simple moving average is $1.59. Workhorse Group has a 12-month low of $0.57 and a 12-month high of $8.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in Workhorse Group in the third quarter valued at approximately $51,000. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 123,150 shares in the last quarter. Jane Street Group LLC boosted its stake 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. Cubist Systematic Strategies LLC acquired a new position in Workhorse Group in the second quarter valued at $55,000. Finally, Sei Investments Co. acquired a new position in Workhorse Group in the second quarter valued at $69,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.