Workhorse Group (NASDAQ:WKHS) Upgraded by StockNews.com to Sell Rating

Workhorse Group (NASDAQ:WKHS) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a note issued to investors on Thursday.

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 research note on Wednesday, November 20th.

Workhorse Group Stock Up 12.9 %

WKHS stock opened at $0.85 on Thursday. The business has a 50 day moving average price of $0.95 and a two-hundred day moving average price of $1.06. Workhorse Group has a twelve month low of $0.57 and a twelve month high of $8.18. The company has a market cap of $34.68 million, a price-to-earnings ratio of -0.11 and a beta of 2.63.

Institutional Trading of Workhorse Group

Several institutional investors have recently modified their holdings of the business. 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 during the period. Virtu Financial LLC bought a new position in shares of Workhorse Group during the third quarter worth about $51,000. Cubist Systematic Strategies LLC acquired a new position in shares of Workhorse Group in the second quarter worth approximately $55,000. Sei Investments Co. bought a new stake in Workhorse Group in the second quarter valued at approximately $69,000. Finally, Geode Capital Management LLC increased its position in Workhorse Group by 76.9% during 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 during the period. Institutional investors 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.