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

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

Separately, TD Cowen upped their price objective on shares of 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

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

Institutional Investors Weigh In On Workhorse Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Swedbank AB purchased a new position in shares of Workhorse Group in the 1st quarter valued at about $303,000. Vanguard Group Inc. boosted its stake in shares of Workhorse Group by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 10,323,640 shares of the company’s stock worth $2,422,000 after acquiring an additional 453,085 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Workhorse Group by 83.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock worth $78,000 after acquiring an additional 149,960 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Workhorse Group by 76.9% in the 3rd 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 during the period. Finally, Virtu Financial LLC purchased a new position in Workhorse Group in the 3rd quarter valued at approximately $51,000. 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.