Workhorse Group (NASDAQ:WKHS) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Workhorse Group Inc. (NASDAQ:WKHS) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.03 and traded as low as $0.73. Workhorse Group shares last traded at $0.76, with a volume of 3,550,306 shares.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WKHS. TD Cowen lifted their price objective on Workhorse Group from $0.25 to $1.25 and gave the company a “hold” rating in a research note on Wednesday, November 20th. StockNews.com raised shares of Workhorse Group to a “sell” rating in a research report on Friday.

Workhorse Group Stock Down 0.1 %

The company has a market cap of $31.25 million, a price-to-earnings ratio of -0.10 and a beta of 2.70. The stock has a 50 day simple moving average of $0.95 and a 200 day simple moving average of $1.02.

Institutional Trading of Workhorse Group

Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Workhorse Group in the second quarter worth about $55,000. Jane Street Group LLC increased its holdings in 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 purchasing an additional 19,473 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Workhorse Group in the 2nd quarter valued at approximately $69,000. Virtu Financial LLC purchased a new position in shares of Workhorse Group during the 3rd quarter valued at approximately $51,000. Finally, Geode Capital Management LLC grew its position in shares of Workhorse Group by 76.9% during the third quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock worth $246,000 after buying an additional 123,150 shares in the last quarter. Institutional investors and hedge funds 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.