Workhorse Group Inc (NASDAQ:WKHS)’s share price traded up 24.6% during mid-day trading on Monday . The stock traded as high as $2.40 and last traded at $2.84. 10,666,443 shares changed hands during trading, an increase of 88% from the average session volume of 5,659,687 shares. The stock had previously closed at $2.28.
Separately, ValuEngine upgraded Workhorse Group from a “hold” rating to a “buy” rating in a research note on Tuesday.
Workhorse Group (NASDAQ:WKHS) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The company had revenue of $0.36 million during the quarter.
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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.
Further Reading: Fundamental Analysis and Individual Investors
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