Workhorse Group (NASDAQ:WKHS) Trading 4.2% Higher

Workhorse Group Inc (NASDAQ:WKHS)’s stock price traded up 4.2% during mid-day trading on Friday . The stock traded as high as $3.57 and last traded at $3.51, 2,486,302 shares traded hands during mid-day trading. A decline of 9% from the average session volume of 2,719,236 shares. The stock had previously closed at $3.37.

Several research analysts have issued reports on the company. ValuEngine lowered Workhorse Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub lowered Workhorse Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 5th.

The firm has a fifty day simple moving average of $3.59 and a 200-day simple moving average of $2.35.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $0.01 million during the quarter.

Large investors have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Workhorse Group by 2,077.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,510 shares of the company’s stock worth $148,000 after purchasing an additional 48,190 shares during the last quarter. First Manhattan Co. raised its stake in shares of Workhorse Group by 77.1% in the second quarter. First Manhattan Co. now owns 3,055,908 shares of the company’s stock worth $8,984,000 after purchasing an additional 1,330,108 shares during the last quarter. HBK Sorce Advisory LLC purchased a new stake in shares of Workhorse Group in the second quarter worth approximately $76,000. Vanguard Group Inc. raised its stake in shares of Workhorse Group by 135.4% in the second quarter. Vanguard Group Inc. now owns 2,396,515 shares of the company’s stock worth $7,045,000 after purchasing an additional 1,378,428 shares during the last quarter. Finally, Tranquility Partners LLC purchased a new stake in shares of Workhorse Group in the second quarter worth approximately $31,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

About Workhorse Group (NASDAQ:WKHS)

Workhorse Group Inc designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency.

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