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

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

Separately, TD Cowen raised their price objective on shares of 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

Workhorse Group stock opened at $0.76 on Friday. The company has a market cap of $31.25 million, a P/E ratio of -0.10 and a beta of 2.70. Workhorse Group has a one year low of $0.57 and a one year high of $8.18. The business has a fifty day moving average of $0.95 and a two-hundred day moving average of $1.01.

Hedge Funds Weigh In On Workhorse Group

Several hedge funds have recently added to or reduced their stakes in WKHS. Geode Capital Management LLC grew 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 buying an additional 123,150 shares in the last quarter. Virtu Financial LLC acquired a new stake in Workhorse Group during the third quarter worth approximately $51,000. Sei Investments Co. purchased a new stake in Workhorse Group in the 2nd quarter worth approximately $69,000. Cubist Systematic Strategies LLC acquired a new position in Workhorse Group in the 2nd quarter valued at $55,000. Finally, Jane Street Group LLC lifted its stake in shares of Workhorse Group by 91.6% during the 3rd quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock worth $35,000 after purchasing an additional 19,473 shares during the period. 15.98% of the stock is currently 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.