Workhorse Group (NASDAQ:WKHS - Free Report) had its target price reduced by DA Davidson from $1.00 to $0.50 in a research note published on Monday, Benzinga reports. DA Davidson currently has a neutral rating on the stock.
Separately, R. F. Lafferty restated a sell rating on shares of Workhorse Group in a report on Wednesday, March 13th.
Read Our Latest Research Report on Workhorse Group
Workhorse Group Stock Performance
Workhorse Group stock traded down $0.01 during midday trading on Monday, reaching $0.23. 14,666,974 shares of the company were exchanged, compared to its average volume of 9,158,098. The company has a market capitalization of $71.32 million, a price-to-earnings ratio of -0.38 and a beta of 2.47. The firm's 50-day simple moving average is $0.27 and its 200-day simple moving average is $0.35. Workhorse Group has a 1 year low of $0.20 and a 1 year high of $1.36.
Institutional Trading of Workhorse Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WKHS. Vanguard Group Inc. lifted its stake in shares of Workhorse Group by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 9,870,555 shares of the company's stock valued at $3,553,000 after purchasing an additional 453,481 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Workhorse Group by 82.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 400,140 shares of the company's stock worth $144,000 after acquiring an additional 180,712 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Workhorse Group by 99.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 180,497 shares of the company's stock worth $65,000 after acquiring an additional 90,000 shares in the last quarter. Barclays PLC lifted its position in Workhorse Group by 829.7% during the 4th quarter. Barclays PLC now owns 285,503 shares of the company's stock worth $103,000 after acquiring an additional 254,793 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Workhorse Group by 22.9% during the 4th quarter. Northern Trust Corp now owns 1,857,357 shares of the company's stock worth $669,000 after acquiring an additional 346,640 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.
About Workhorse Group
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Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, as well as designs and manufactures drone systems.
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