Workhorse Group (NASDAQ:WKHS) Stock Rating Lowered by ValuEngine

Workhorse Group (NASDAQ:WKHS) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday, ValuEngine reports.

Separately, BidaskClub lowered Workhorse Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 5th.

Shares of Workhorse Group stock traded up $0.02 during trading hours on Wednesday, reaching $3.47. 633,101 shares of the company’s stock were exchanged, compared to its average volume of 2,675,236. Workhorse Group has a 52-week low of $0.37 and a 52-week high of $5.37. The company has a fifty day moving average of $3.60 and a 200-day moving average of $2.44.

Workhorse Group (NASDAQ:WKHS) last issued its quarterly earnings results on Friday, August 9th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $0.01 million during the quarter.

Institutional investors have recently modified their holdings of the business. Bank of Montreal Can purchased a new position in shares of Workhorse Group during the 2nd quarter worth $29,000. Tranquility Partners LLC purchased a new position in shares of Workhorse Group during the 2nd quarter worth $31,000. HBK Sorce Advisory LLC purchased a new position in shares of Workhorse Group during the 2nd quarter worth $76,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Workhorse Group during the 2nd quarter worth $112,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Workhorse Group by 2,077.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,510 shares of the company’s stock worth $148,000 after purchasing an additional 48,190 shares during the period. 18.49% of the stock is currently owned by institutional investors.

About Workhorse Group

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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