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

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

Separately, TD Cowen lifted 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 Stock Performance

Shares of NASDAQ:WKHS opened at $0.80 on Wednesday. Workhorse Group has a one year low of $0.57 and a one year high of $8.18. The stock has a market capitalization of $32.92 million, a price-to-earnings ratio of -0.10 and a beta of 2.63. The company has a 50-day simple moving average of $0.96 and a 200-day simple moving average of $1.23.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in Workhorse Group during the 2nd quarter worth approximately $55,000. Jane Street Group LLC boosted its stake in shares of 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 buying an additional 19,473 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Workhorse Group in the second quarter valued at approximately $69,000. Virtu Financial LLC acquired a new position in Workhorse Group during the third quarter worth $51,000. Finally, Geode Capital Management LLC raised its position in Workhorse Group by 76.9% in the third quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock worth $246,000 after acquiring an additional 123,150 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.