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, a custom-designed purpose-built all-electric drone system. It also provides Metron, an air delivery application that tracks the performance of various the vehicles deployed. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
Wall Street Analyst Weigh In
A number of brokerages have commented on WKHS. Roth Capital cut Workhorse Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $7.00 to $3.50 in a report on Tuesday, August 9th. Cowen lifted their target price on Workhorse Group to $5.50 in a report on Monday. Finally, DA Davidson reduced their target price on Workhorse Group from $5.00 to $3.00 in a report on Monday, May 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Workhorse Group has an average rating of "Hold" and an average target price of $5.25.
Workhorse Group Trading Down 7.8 %
NASDAQ:WKHS traded down $0.29 during mid-day trading on Friday, hitting $3.43. The company had a trading volume of 149,531 shares, compared to its average volume of 4,883,185. The business has a fifty day simple moving average of $3.22 and a 200-day simple moving average of $3.37. Workhorse Group has a 1 year low of $2.11 and a 1 year high of $10.59. The firm has a market capitalization of $561.63 million, a price-to-earnings ratio of -1.57 and a beta of 2.90.