Workhorse Group (NASDAQ:WKHS) Shares Up 5.3%

Workhorse Group Inc (NASDAQ:WKHS) shares shot up 5.3% during mid-day trading on Monday . The company traded as high as $3.25 and last traded at $3.20, 1,529,730 shares traded hands during trading. A decline of 1% from the average session volume of 1,548,286 shares. The stock had previously closed at $3.04.

A number of research firms have recently issued reports on WKHS. BTIG Research began coverage on Workhorse Group in a research report on Thursday, January 30th. They set a “buy” rating and a $6.00 price target on the stock. ValuEngine downgraded Workhorse Group from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Finally, BidaskClub raised Workhorse Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th.

The business has a 50-day moving average of $3.22 and a two-hundred day moving average of $3.30. The company has a market cap of $228.36 million, a P/E ratio of -2.74 and a beta of 1.62.

Workhorse Group (NASDAQ:WKHS) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07).

A number of hedge funds have recently modified their holdings of the stock. Bank of Montreal Can boosted its position in Workhorse Group by 19.3% during the fourth quarter. Bank of Montreal Can now owns 33,400 shares of the company’s stock valued at $101,000 after purchasing an additional 5,400 shares in the last quarter. Creative Planning bought a new stake in Workhorse Group during the fourth quarter valued at about $38,000. Cambridge Investment Research Advisors Inc. bought a new stake in Workhorse Group during the fourth quarter valued at about $40,000. Prospera Financial Services Inc boosted its position in Workhorse Group by 70.2% during the third quarter. Prospera Financial Services Inc now owns 41,225 shares of the company’s stock valued at $144,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new stake in Workhorse Group in the fourth quarter worth about $70,000. 18.00% of the stock is currently owned by institutional investors.

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.

Recommended Story: How does the Beige Book influence monetary policy?

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.