Workhorse Group (NASDAQ:WKHS) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Workhorse Group Inc. (NASDAQ:WKHS) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.30 and traded as low as $0.89. Workhorse Group shares last traded at $0.89, with a volume of 3,823,618 shares traded.

Analyst Ratings Changes

WKHS has been the subject of a number of research reports. StockNews.com upgraded Workhorse Group to a “sell” rating in a research note on Thursday, December 5th. TD Cowen lifted their target price on Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a research report on Wednesday, November 20th.

Workhorse Group Price Performance

The stock’s fifty day simple moving average is $0.95 and its two-hundred day simple moving average is $1.30. The company has a market capitalization of $36.66 million, a price-to-earnings ratio of -0.11 and a beta of 2.63.

Institutional Investors Weigh In On Workhorse Group

Several institutional investors and hedge funds have recently bought and sold shares of WKHS. Jane Street Group LLC boosted its stake in Workhorse Group by 91.6% in the third 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 period. Virtu Financial LLC bought a new stake in shares of Workhorse Group in the 3rd quarter worth approximately $51,000. Cubist Systematic Strategies LLC acquired a new position in Workhorse Group during the 2nd quarter valued at approximately $55,000. Sei Investments Co. bought a new position in Workhorse Group during the 2nd quarter worth $69,000. Finally, Price T Rowe Associates Inc. MD increased its position in Workhorse Group by 83.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock worth $78,000 after buying an additional 149,960 shares during the period. 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.