Workhorse Group (NASDAQ:WKHS) Stock Rating Lowered by ValuEngine

Workhorse Group (NASDAQ:WKHS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

Separately, BidaskClub raised shares of Workhorse Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

Workhorse Group stock traded down $0.05 during trading hours on Thursday, reaching $4.01. 11,012,304 shares of the stock were exchanged, compared to its average volume of 3,497,526. Workhorse Group has a 52-week low of $0.37 and a 52-week high of $5.37. The company’s 50 day moving average price is $3.23.

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 business had revenue of $0.36 million for the quarter.

Several large investors have recently bought and sold shares of WKHS. BlackRock Inc. grew its position in Workhorse Group by 42.9% during the fourth quarter. BlackRock Inc. now owns 133,715 shares of the company’s stock valued at $71,000 after buying an additional 40,139 shares during the period. First Manhattan Co. grew its position in Workhorse Group by 76.9% during the first quarter. First Manhattan Co. now owns 1,725,800 shares of the company’s stock valued at $1,061,000 after buying an additional 750,000 shares during the period. Marietta Wealth Management LLC acquired a new stake in Workhorse Group during the first quarter valued at $31,000. Finally, Cutter & CO Brokerage Inc. acquired a new stake in Workhorse Group during the second quarter valued at $705,000. 12.06% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Buy-Side Analysts

To view ValuEngine’s full report, visit ValuEngine’s official website.

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