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 research note issued to investors on Tuesday. The firm set a “sell” rating on the stock.

Separately, TD Cowen upped their price target on Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a research note on Wednesday, November 20th.

Workhorse Group Stock Up 4.4 %

WKHS stock traded up $0.09 during midday trading on Tuesday, hitting $2.12. The company’s stock had a trading volume of 567,617 shares, compared to its average volume of 181,465. Workhorse Group has a 12 month low of $2.03 and a 12 month high of $68.07. The firm has a market capitalization of $6.95 million, a price-to-earnings ratio of -0.27 and a beta of 2.79. The company has a 50 day moving average of $0.59 and a two-hundred day moving average of $0.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WKHS. Jane Street Group LLC raised its holdings 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 acquiring an additional 19,473 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Workhorse Group during the 3rd quarter worth approximately $51,000. Swedbank AB raised its holdings in shares of Workhorse Group by 46.2% during the 4th quarter. Swedbank AB now owns 95,796 shares of the company’s stock worth $67,000 after acquiring an additional 30,294 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Workhorse Group by 17.4% during the 4th quarter. Geode Capital Management LLC now owns 332,561 shares of the company’s stock worth $232,000 after acquiring an additional 49,291 shares in the last quarter. 15.98% of the stock is currently owned by 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.