Workhorse Group (NASDAQ:WKHS) Stock Rating Upgraded by Wall Street Zen

Workhorse Group (NASDAQ:WKHS) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Workhorse Group Price Performance

Workhorse Group stock opened at $1.65 on Friday. The firm has a 50 day simple moving average of $1.69 and a 200-day simple moving average of $2.42. Workhorse Group has a 1-year low of $0.81 and a 1-year high of $24.25. The stock has a market cap of $15.63 million, a price-to-earnings ratio of -0.02 and a beta of 2.62.

Workhorse Group (NASDAQ:WKHS) last posted its quarterly earnings results on Tuesday, August 19th. The company reported ($1.67) earnings per share for the quarter, beating the consensus estimate of ($3.98) by $2.31. Workhorse Group had a negative net margin of 1,576.17% and a negative return on equity of 194.02%. Equities analysts expect that Workhorse Group will post -3.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC increased its stake in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 17.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 332,561 shares of the company’s stock after purchasing an additional 49,291 shares during the period. Geode Capital Management LLC owned approximately 0.81% of Workhorse Group worth $232,000 at the end of the most recent reporting 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.