Workhorse Group (NASDAQ:WKHS) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Workhorse Group Inc. (NASDAQ:WKHS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.03 and traded as low as $0.73. Workhorse Group shares last traded at $0.76, with a volume of 3,550,306 shares.

Analyst Ratings Changes

WKHS has been the topic of several research analyst reports. TD Cowen raised their target price on shares of Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. StockNews.com upgraded shares of Workhorse Group to a “sell” rating in a report on Friday.

Workhorse Group Stock Down 6.7 %

The company has a 50 day simple moving average of $0.95 and a 200 day simple moving average of $1.03. The company has a market capitalization of $31.29 million, a price-to-earnings ratio of -0.10 and a beta of 2.70.

Institutional Trading of Workhorse Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC lifted its position in Workhorse Group by 91.6% during the third quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock valued at $35,000 after buying an additional 19,473 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Workhorse Group in the 2nd quarter valued at $55,000. Sei Investments Co. acquired a new position in shares of Workhorse Group during the 2nd quarter valued at $69,000. Virtu Financial LLC purchased a new stake in Workhorse Group during the 3rd quarter worth $51,000. Finally, Geode Capital Management LLC increased 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 valued at $246,000 after purchasing an additional 123,150 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.