Workhorse Group (NASDAQ:WKHS) Upgraded at StockNews.com

StockNews.com upgraded shares of Workhorse Group (NASDAQ:WKHS) to a sell rating in a research report released on Thursday.

Separately, TD Cowen upped their target price on 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 Performance

Workhorse Group stock opened at $0.85 on Thursday. Workhorse Group has a 1 year low of $0.57 and a 1 year high of $8.18. The firm’s 50-day moving average is $0.95 and its 200-day moving average is $1.06. The company has a market cap of $34.68 million, a P/E ratio of -0.11 and a beta of 2.70.

Institutional Investors Weigh In On Workhorse Group

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings 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 buying an additional 123,150 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Workhorse Group in the third quarter worth $51,000. Sei Investments Co. bought a new stake in shares of Workhorse Group during the second quarter valued at about $69,000. Jane Street Group LLC lifted its holdings in Workhorse Group by 91.6% in the third 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. Finally, Cubist Systematic Strategies LLC bought a new position in Workhorse Group in the 2nd quarter valued at about $55,000. Institutional investors and hedge funds 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.