Workhorse Group (NASDAQ:WKHS) Trading 15.5% Higher

Workhorse Group Inc (NASDAQ:WKHS) traded up 15.5% on Monday . The stock traded as high as $3.62 and last traded at $4.03, 92,266 shares traded hands during trading. A decline of 97% from the average session volume of 2,669,967 shares. The stock had previously closed at $3.49.

Several research analysts have commented on WKHS shares. ValuEngine raised China Southern Airlines from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. BidaskClub raised Workhorse Group from a “hold” rating to a “buy” rating in a report on Monday.

The stock has a fifty day moving average price of $2.62.

Workhorse Group (NASDAQ:WKHS) last announced its earnings results on Tuesday, May 7th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.01). The business had revenue of $0.36 million during the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the business. Marietta Wealth Management LLC acquired a new position in Workhorse Group during the 1st quarter worth about $31,000. BlackRock Inc. lifted its holdings in Workhorse Group by 42.9% during the 4th quarter. BlackRock Inc. now owns 133,715 shares of the company’s stock worth $71,000 after buying an additional 40,139 shares during the period. Finally, First Manhattan Co. lifted its holdings in Workhorse Group by 76.9% during the 1st quarter. First Manhattan Co. now owns 1,725,800 shares of the company’s stock worth $1,061,000 after buying an additional 750,000 shares during the period. 12.05% 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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