Workhorse Group (NASDAQ:WKHS) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.

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

Workhorse Group (NASDAQ WKHS) remained flat at $$2.83 during trading on Friday. The stock had a trading volume of 262,141 shares, compared to its average volume of 421,089. Workhorse Group has a 1-year low of $1.85 and a 1-year high of $7.63. The company has a current ratio of 1.89, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16.

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

Institutional investors have recently bought and sold shares of the stock. Glenview Trust Co lifted its position in Workhorse Group by 28.6% during the second quarter. Glenview Trust Co now owns 37,500 shares of the company’s stock worth $138,000 after acquiring an additional 8,333 shares during the last quarter. CWH Capital Management Inc. lifted its position in Workhorse Group by 4.2% during the second quarter. CWH Capital Management Inc. now owns 709,425 shares of the company’s stock worth $2,618,000 after acquiring an additional 28,425 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Workhorse Group by 74.8% during the second quarter. Goldman Sachs Group Inc. now owns 77,209 shares of the company’s stock worth $285,000 after acquiring an additional 33,040 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Workhorse Group during the second quarter worth approximately $122,000. Finally, LMR Partners LLP acquired a new stake in Workhorse Group during the second quarter worth approximately $126,000. Institutional investors and hedge funds own 12.72% of the company’s stock.

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Workhorse Group Company Profile

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.

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