Workhorse Group (NASDAQ:WKHS) Upgraded by BidaskClub to “Strong-Buy”

BidaskClub upgraded shares of Workhorse Group (NASDAQ:WKHS) from a buy rating to a strong-buy rating in a research note published on Thursday morning, BidAskClub reports.

Separately, ValuEngine upgraded Workhorse Group from a hold rating to a buy rating in a research report on Tuesday, June 11th.

WKHS stock traded down $0.05 during midday trading on Thursday, reaching $4.01. The stock had a trading volume of 10,912,911 shares, compared to its average volume of 2,693,993. The business’s fifty day moving average price is $3.20. Workhorse Group has a twelve month low of $0.37 and a twelve month high of $5.37.

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

A number of institutional investors and hedge funds have recently modified their holdings of WKHS. First Manhattan Co. boosted its holdings in Workhorse Group by 76.9% during the first 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 last quarter. Cutter & CO Brokerage Inc. bought a new position in Workhorse Group during the second quarter worth about $705,000. Marietta Wealth Management LLC bought a new position in Workhorse Group during the first quarter worth about $31,000. Finally, BlackRock Inc. boosted its holdings in Workhorse Group by 42.9% during the fourth 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 last quarter. Hedge funds and other institutional investors own 12.06% of the company’s stock.

Workhorse Group Company Profile

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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