Workhorse Group (NASDAQ:WKHS) Trading 24.6% Higher

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.



A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its holdings in shares of Workhorse Group by 70.5% in the 1st quarter. Jane Street Group LLC now owns 51,412 shares of the company’s stock worth $32,000 after acquiring an additional 21,250 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Workhorse Group in the 1st quarter worth $75,000. Northern Trust Corp grew its holdings in shares of Workhorse Group by 32.4% in the 1st quarter. Northern Trust Corp now owns 66,849 shares of the company’s stock worth $41,000 after acquiring an additional 16,370 shares during the last quarter. Marietta Wealth Management LLC acquired a new position in shares of Workhorse Group in the 1st quarter worth $31,000. Finally, First Manhattan Co. grew its holdings in shares of 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 acquiring an additional 750,000 shares during the last quarter. 12.06% of the stock is currently owned by institutional investors.

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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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