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

Shares of Workhorse Group Inc. (NASDAQ:WKHS) are going to reverse split on 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 Trading Down 26.0 %

Shares of WKHS stock opened at $0.27 on Thursday. The company’s fifty day moving average price is $0.56 and its 200-day moving average price is $0.75. The stock has a market cap of $11.07 million, a PE ratio of -0.03 and a beta of 2.79. Workhorse Group has a 12 month low of $0.26 and a 12 month high of $5.80.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com raised Workhorse Group to a “sell” rating in a research report on Friday, January 10th. 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 research report on Wednesday, November 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC boosted 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 worth $35,000 after purchasing an additional 19,473 shares during the period. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 123,150 shares during the period. Virtu Financial LLC bought a new position in shares of Workhorse Group during the 3rd quarter valued at approximately $51,000. Finally, Swedbank AB boosted its position in shares of Workhorse Group by 46.2% during the 4th quarter. Swedbank AB now owns 95,796 shares of the company’s stock valued at $67,000 after acquiring an additional 30,294 shares during the last quarter. 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.