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

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

Separately, TD Cowen raised their price target on 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 Performance

Shares of Workhorse Group stock opened at $1.02 on Thursday. The firm has a market cap of $41.80 million, a P/E ratio of -0.13 and a beta of 2.63. Workhorse Group has a 12 month low of $0.57 and a 12 month high of $8.78. The stock’s fifty day moving average price is $0.92 and its 200-day moving average price is $1.48.

Institutional Investors Weigh In On Workhorse Group

A number of institutional investors have recently added to or reduced their stakes in WKHS. Vanguard Group Inc. boosted its position in Workhorse Group by 4.6% during the first quarter. Vanguard Group Inc. now owns 10,323,640 shares of the company’s stock valued at $2,422,000 after purchasing an additional 453,085 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Workhorse Group by 83.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock valued at $78,000 after purchasing an additional 149,960 shares in the last quarter. Sei Investments Co. bought a new stake in Workhorse Group during the second quarter valued at about $69,000. Cubist Systematic Strategies LLC bought a new stake in Workhorse Group during the second quarter valued at about $55,000. Finally, Jane Street Group LLC boosted 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 acquiring an additional 19,473 shares in the last quarter. Institutional investors 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.