Workhorse Group Inc. (NASDAQ:WKHS) had its target price hoisted by Maxim Group from $15.00 to $22.00 in a research note released on Monday. The brokerage currently has a buy rating on the stock.

Workhorse Group (NASDAQ:WKHS) opened at 8.17 on Monday. The stock’s market capitalization is $204.81 million. Workhorse Group has a 12-month low of $3.05 and a 12-month high of $11.70. The company’s 50-day moving average is $7.81 and its 200 day moving average is $7.72.

In related news, Director H. Benjamin Samuels acquired 143,500 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was bought at an average cost of $5.28 per share, with a total value of $757,680.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 15.10% of the company’s stock.

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.

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