Workhorse Group (WKHS) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Workhorse Group (NASDAQ:WKHS) from a sell rating to a hold rating in a research report sent to investors on Friday.

A number of other brokerages have also recently weighed in on WKHS. Cowen started coverage on shares of Workhorse Group in a report on Thursday, August 17th. They set an outperform rating and a $5.25 target price for the company. Maxim Group restated a buy rating and set a $5.00 target price on shares of Workhorse Group in a report on Thursday, September 14th.

Shares of Workhorse Group (WKHS) opened at $2.70 on Friday. Workhorse Group has a 1-year low of $1.85 and a 1-year high of $7.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.89 and a quick ratio of 1.17.

Workhorse Group (NASDAQ:WKHS) last issued its earnings results on Tuesday, November 7th. The company reported ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.11). The business had revenue of $3.29 million for the quarter. Workhorse Group had a negative return on equity of 310.65% and a negative net margin of 439.21%.

Large investors have recently modified their holdings of the stock. Susquehanna International Group LLP purchased a new stake in shares of Workhorse Group in the 2nd quarter valued at approximately $122,000. LMR Partners LLP purchased a new stake in shares of Workhorse Group in the 2nd quarter valued at approximately $126,000. Glenview Trust Co lifted its position in shares of Workhorse Group by 28.6% in the 2nd quarter. Glenview Trust Co now owns 37,500 shares of the company’s stock valued at $138,000 after acquiring an additional 8,333 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Workhorse Group in the 2nd quarter valued at approximately $166,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Workhorse Group by 74.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 77,209 shares of the company’s stock valued at $285,000 after acquiring an additional 33,040 shares in the last quarter. Hedge funds and other institutional investors own 12.72% of the company’s stock.

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About Workhorse Group

Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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