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

StockNews.com upgraded shares of Workhorse Group (NASDAQ:WKHS) to a sell rating in a research note published on Friday.

Separately, TD Cowen lifted 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.

Workhorse Group Stock Down 0.1 %

Shares of Workhorse Group stock opened at $0.76 on Friday. The business’s fifty day simple moving average is $0.95 and its 200-day simple moving average is $1.02. The firm has a market cap of $31.25 million, a PE ratio of -0.10 and a beta of 2.70. Workhorse Group has a 52 week low of $0.57 and a 52 week high of $8.18.

Hedge Funds Weigh In On Workhorse Group

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Workhorse Group during the third quarter worth about $51,000. Geode Capital Management LLC increased its stake in Workhorse Group by 76.9% during 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 period. Jane Street Group LLC lifted its holdings in Workhorse Group by 91.6% during 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 in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Workhorse Group in the 2nd quarter valued at approximately $55,000. Finally, Sei Investments Co. acquired a new position in shares of Workhorse Group in the second quarter worth $69,000. 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.