StockNews.com Begins Coverage on Workhorse Group (NASDAQ:WKHS)

Equities researchers at StockNews.com initiated coverage on shares of Workhorse Group (NASDAQ:WKHS) in a research report issued on Tuesday. The brokerage set a “sell” rating on the stock.

Separately, TD Cowen increased their price objective on Workhorse Group from $3.13 to $15.63 and gave the stock a “hold” rating in a report on Wednesday, November 20th.

Workhorse Group Stock Performance

NASDAQ:WKHS opened at $2.06 on Tuesday. The company has a market cap of $6.75 million, a PE ratio of -0.26 and a beta of 2.79. Workhorse Group has a 52-week low of $1.91 and a 52-week high of $68.07. The stock has a 50-day simple moving average of $6.22 and a 200 day simple moving average of $9.18.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in shares of Workhorse Group by 76.9% during the 3rd 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. Virtu Financial LLC bought a new position in shares of Workhorse Group during the 3rd quarter worth approximately $51,000. Swedbank AB lifted its holdings in Workhorse Group by 46.2% during the 4th quarter. Swedbank AB now owns 95,796 shares of the company’s stock worth $67,000 after purchasing an additional 30,294 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Workhorse Group by 91.6% during the 3rd quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock worth $35,000 after purchasing an additional 19,473 shares during the last quarter. 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.