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 note issued to investors on Saturday.

Workhorse Group Trading Down 6.8%

Shares of Workhorse Group stock opened at $1.65 on Friday. The business’s fifty day simple moving average is $1.69 and its 200 day simple moving average is $2.42. The firm has a market capitalization of $15.63 million, a P/E ratio of -0.02 and a beta of 2.62. Workhorse Group has a 12 month low of $0.81 and a 12 month high of $24.25.

Workhorse Group (NASDAQ:WKHS) last issued its quarterly earnings results on Tuesday, August 19th. The company reported ($1.67) EPS for the quarter, topping analysts’ consensus estimates of ($3.98) by $2.31. Workhorse Group had a negative return on equity of 194.02% and a negative net margin of 1,576.17%. Analysts predict that Workhorse Group will post -3.8 EPS for the current fiscal year.

Institutional Trading of Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC raised its position in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,684 shares of the company’s stock after buying an additional 11,073 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Workhorse Group worth $49,000 at the end of the most recent reporting period. Institutional investors own 15.98% of the company’s stock.

Workhorse Group Company Profile

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.