Workhorse Group (NASDAQ:WKHS) Stock Price Up 1.6%

Workhorse Group Inc (NASDAQ:WKHS)’s stock price rose 1.6% on Friday . The stock traded as high as $3.28 and last traded at $3.18, approximately 124,498 shares were traded during mid-day trading. A decline of 91% from the average daily volume of 1,313,384 shares. The stock had previously closed at $3.13.

WKHS has been the topic of several research analyst reports. ValuEngine raised Workhorse Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. BidaskClub lowered Workhorse Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 5th.

The stock has a 50 day moving average price of $3.28 and a 200 day moving average price of $2.87.

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

Several hedge funds have recently made changes to their positions in the company. Bank of Montreal Can acquired a new stake in shares of Workhorse Group during the second quarter valued at about $29,000. Tranquility Partners LLC acquired a new stake in shares of Workhorse Group during the second quarter valued at about $31,000. Prospera Financial Services Inc boosted its stake in shares of Workhorse Group by 70.2% during the third quarter. Prospera Financial Services Inc now owns 41,225 shares of the company’s stock valued at $144,000 after purchasing an additional 17,000 shares in the last quarter. HBK Sorce Advisory LLC acquired a new stake in shares of Workhorse Group during the second quarter valued at about $76,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Workhorse Group during the second quarter valued at about $112,000. 18.46% of the stock is currently owned by hedge funds and other institutional investors.

Workhorse Group Company Profile (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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