Workhorse Group (NASDAQ:WKHS) Raised to “Sell” at StockNews.com

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

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 research note on Wednesday, November 20th.

Workhorse Group Price Performance

Shares of NASDAQ WKHS traded down $0.08 on Tuesday, hitting $1.07. The company’s stock had a trading volume of 2,512,590 shares, compared to its average volume of 1,540,978. The stock has a 50 day moving average of $0.88 and a 200-day moving average of $1.62. The company has a market capitalization of $26.07 million, a price-to-earnings ratio of -0.13 and a beta of 2.55. Workhorse Group has a 12-month low of $0.57 and a 12-month high of $8.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in Workhorse Group by 91.6% in the 3rd quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock valued at $35,000 after acquiring an additional 19,473 shares during the last quarter. Virtu Financial LLC acquired a new position in Workhorse Group in the third quarter valued at $51,000. Cubist Systematic Strategies LLC purchased a new position in Workhorse Group during the second quarter worth about $55,000. Sei Investments Co. acquired a new stake in Workhorse Group in the 2nd quarter worth about $69,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Workhorse Group by 83.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock valued at $78,000 after buying an additional 149,960 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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.