Workhorse Group (NASDAQ:WKHS) Shares Gap Down to $4.01

Workhorse Group Inc (NASDAQ:WKHS)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.81, but opened at $4.01. Workhorse Group shares last traded at $3.93, with a volume of 2,764,909 shares traded.

WKHS has been the topic of several analyst reports. ValuEngine cut shares of Workhorse Group from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of Workhorse Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

The firm has a 50 day simple moving average of $3.32.

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

Several institutional investors have recently modified their holdings of WKHS. First Manhattan Co. lifted its stake in Workhorse Group by 76.9% in the 1st quarter. First Manhattan Co. now owns 1,725,800 shares of the company’s stock worth $1,061,000 after purchasing an additional 750,000 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new stake in shares of Workhorse Group in the 2nd quarter worth about $705,000. BlackRock Inc. increased its holdings in shares of Workhorse Group by 42.9% in 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 last quarter. Finally, Marietta Wealth Management LLC bought a new stake in shares of Workhorse Group in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 12.06% 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.

Featured Story: Risk Tolerance

Receive News & Ratings for Workhorse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workhorse Group and related companies with MarketBeat.com's FREE daily email newsletter.