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

StockNews.com upgraded shares of Workhorse Group (NASDAQ:WKHS) to a sell rating in a report published 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 5.8 %

WKHS stock opened at $0.81 on Wednesday. Workhorse Group has a twelve month low of $0.57 and a twelve month high of $8.18. The stock has a market capitalization of $33.20 million, a price-to-earnings ratio of -0.10 and a beta of 2.63. The firm’s fifty day simple moving average is $0.96 and its two-hundred day simple moving average is $1.26.

Institutional Trading of Workhorse Group

A number of large investors have recently made changes to their positions in the stock. Jane Street Group LLC increased 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 buying an additional 19,473 shares during the period. Virtu Financial LLC bought a new position in Workhorse Group in the 3rd quarter worth about $51,000. Cubist Systematic Strategies LLC bought a new position in Workhorse Group in the 2nd quarter worth about $55,000. Sei Investments Co. purchased a new position in shares of Workhorse Group during the second quarter worth approximately $69,000. Finally, Geode Capital Management LLC raised 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 valued at $246,000 after acquiring an additional 123,150 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other 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.