Shares of Workhorse Group Inc (NASDAQ:WKHS) rose 14.6% during trading on Thursday . The stock traded as high as $3.02 and last traded at $2.98, approximately 1,989,950 shares changed hands during trading. A decline of 23% from the average daily volume of 2,568,650 shares. The stock had previously closed at $2.60.
WKHS has been the subject of several research reports. ValuEngine upgraded shares of Workhorse Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. BidaskClub cut shares of Workhorse Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 5th.
The firm’s fifty day moving average is $3.24 and its 200 day moving average is $2.94.
Workhorse Group (NASDAQ:WKHS) last posted its quarterly earnings results on Friday, November 8th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.07).
Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in shares of Workhorse Group during the second quarter worth approximately $29,000. Tranquility Partners LLC acquired a new stake in Workhorse Group in the second quarter valued at approximately $31,000. HBK Sorce Advisory LLC acquired a new stake in Workhorse Group in the second quarter valued at approximately $76,000. Charles Schwab Investment Management Inc. acquired a new stake in Workhorse Group in the second quarter valued at approximately $112,000. Finally, Prospera Financial Services Inc lifted its stake in Workhorse Group by 70.2% in the third quarter. Prospera Financial Services Inc now owns 41,225 shares of the company’s stock valued at $144,000 after acquiring an additional 17,000 shares during the last quarter. Institutional investors and hedge funds own 18.46% 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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