Workhorse Group (NASDAQ:WKHS) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Workhorse Group Inc. (NASDAQ:WKHS)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.03 and traded as low as $0.73. Workhorse Group shares last traded at $0.76, with a volume of 3,550,306 shares traded.

Analyst Upgrades and Downgrades

WKHS has been the subject of several recent analyst reports. TD Cowen increased their price objective on shares of Workhorse Group from $0.25 to $1.25 and gave the company a “hold” rating in a report on Wednesday, November 20th. StockNews.com raised Workhorse Group to a “sell” rating in a research note on Friday.

Workhorse Group Stock Down 0.1 %

The stock has a market capitalization of $31.25 million, a P/E ratio of -0.10 and a beta of 2.70. The firm’s 50-day simple moving average is $0.95 and its 200 day simple moving average is $1.02.

Institutional Trading of Workhorse Group

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in Workhorse Group by 91.6% in the 3rd 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. Virtu Financial LLC purchased a new stake in shares of Workhorse Group in the third quarter worth approximately $51,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Workhorse Group during the second quarter worth approximately $55,000. Sei Investments Co. acquired a new position in Workhorse Group in the 2nd quarter valued at approximately $69,000. Finally, Geode Capital Management LLC raised its holdings in shares of Workhorse Group by 76.9% during 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.