Workhorse Group (NASDAQ:WKHS) Trading 0.5% Higher

Shares of Workhorse Group Inc (NASDAQ:WKHS) traded up 0.5% on Thursday . The stock traded as high as $4.35 and last traded at $4.18, 30,371 shares changed hands during trading. A decline of 99% from the average session volume of 5,057,475 shares. The stock had previously closed at $4.16.

Several research analysts have recently weighed in on the company. ValuEngine downgraded Workhorse Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub raised Workhorse Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st.

The company has a 50 day moving average price of $3.60 and a two-hundred day moving average price of $1.89.

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can acquired a new position in shares of Workhorse Group during the 2nd quarter worth approximately $29,000. Tranquility Partners LLC purchased a new stake in shares of Workhorse Group during the second quarter worth approximately $31,000. Marietta Wealth Management LLC purchased a new stake in shares of Workhorse Group during the first quarter worth approximately $31,000. BlackRock Inc. increased its position in shares of 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 purchasing an additional 40,139 shares in the last quarter. Finally, HBK Sorce Advisory LLC purchased a new stake in shares of Workhorse Group during the second quarter worth approximately $76,000. 14.63% of the stock is owned by institutional investors and hedge funds.

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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