StockNews.com Begins Coverage on Workhorse Group (NASDAQ:WKHS)

Investment analysts at StockNews.com began coverage on shares of Workhorse Group (NASDAQ:WKHS) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Separately, TD Cowen boosted their price objective on Workhorse Group from $3.13 to $15.63 and gave the stock a “hold” rating in a research report on Wednesday, November 20th.

Workhorse Group Stock Performance

Shares of WKHS opened at $2.06 on Tuesday. Workhorse Group has a 52-week low of $1.91 and a 52-week high of $68.07. The business’s fifty day moving average is $6.22 and its 200-day moving average is $9.18. The firm has a market cap of $6.75 million, a price-to-earnings ratio of -0.26 and a beta of 2.79.

Institutional Trading of Workhorse Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings 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 acquiring an additional 19,473 shares in the last quarter. Geode Capital Management LLC grew its holdings in Workhorse Group by 76.9% during the third quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock valued at $246,000 after purchasing an additional 123,150 shares during the period. Virtu Financial LLC bought a new position in Workhorse Group during the third quarter valued at $51,000. Finally, Swedbank AB grew its holdings in Workhorse Group by 46.2% during the fourth quarter. Swedbank AB now owns 95,796 shares of the company’s stock valued at $67,000 after purchasing an additional 30,294 shares during the period. 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.