Workhorse Group (NASDAQ:WKHS) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Workhorse Group Inc. (NASDAQ:WKHS) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.76 and traded as low as $0.48. Workhorse Group shares last traded at $0.52, with a volume of 1,810,282 shares.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com raised Workhorse Group to a “sell” rating in a report on Friday, January 10th. TD Cowen upped their price objective on Workhorse Group from $0.25 to $1.25 and gave the company a “hold” rating in a report on Wednesday, November 20th.

Workhorse Group Stock Performance

The business has a fifty day simple moving average of $0.76 and a 200 day simple moving average of $0.87. The stock has a market capitalization of $21.29 million, a price-to-earnings ratio of -0.07 and a beta of 2.67.

Institutional Trading of Workhorse Group

Large investors have recently modified their holdings of the stock. Jane Street Group LLC grew 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 purchasing an additional 19,473 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Workhorse Group during the 3rd quarter worth $51,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Workhorse Group during the 2nd quarter worth $55,000. Swedbank AB grew 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 purchasing an additional 30,294 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Workhorse Group by 76.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock worth $246,000 after purchasing an additional 123,150 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

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.