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

Workhorse Group (NASDAQ:WKHS) was upgraded by investment analysts at StockNews.com to a “sell” rating in a report issued on Wednesday.

Separately, TD Cowen upped their price target 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 Stock Down 6.6 %

Shares of WKHS opened at $0.76 on Wednesday. The firm has a market cap of $31.00 million, a price-to-earnings ratio of -0.09 and a beta of 2.63. The business’s 50 day moving average is $0.96 and its two-hundred day moving average is $1.25. Workhorse Group has a 52-week low of $0.57 and a 52-week high of $8.18.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WKHS. Jane Street Group LLC increased its holdings in shares of 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 acquiring an additional 19,473 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Workhorse Group during the second quarter valued at $55,000. Sei Investments Co. bought a new stake in Workhorse Group during the second quarter valued at $69,000. Virtu Financial LLC bought a new stake in Workhorse Group during the third quarter valued at $51,000. Finally, Geode Capital Management LLC lifted its position 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 worth $246,000 after buying an additional 123,150 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

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.