Workhorse Group Inc (NASDAQ:WKHS)’s share price shot up 5.1% during mid-day trading on Friday . The stock traded as high as $3.22 and last traded at $3.12, 3,511,500 shares changed hands during mid-day trading. An increase of 26% from the average session volume of 2,776,780 shares. The stock had previously closed at $2.97.

Several brokerages have recently issued reports on WKHS. ValuEngine cut shares of Workhorse Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub cut shares of Workhorse Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 5th.

The firm’s fifty day moving average price is $3.81 and its 200-day moving average price is $2.19.

A number of hedge funds have recently made changes to their positions in WKHS. Bank of Montreal Can purchased a new stake in Workhorse Group in the second quarter worth $29,000. Tranquility Partners LLC purchased a new stake in Workhorse Group in the second quarter worth $31,000. Marietta Wealth Management LLC purchased a new stake in Workhorse Group in the first quarter worth $31,000. HBK Sorce Advisory LLC purchased a new stake in Workhorse Group in the second quarter worth $76,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Workhorse Group in the second quarter worth $112,000. 18.51% of the stock is owned by institutional investors.

Workhorse Group Company Profile (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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