Workhorse Group (NASDAQ:WKHS) Shares Gap Down to $3.19

Workhorse Group Inc (NASDAQ:WKHS) gapped down prior to trading on Tuesday . The stock had previously closed at $3.13, but opened at $3.19. Workhorse Group shares last traded at $3.34, with a volume of 132,645 shares.

A number of research firms have recently commented on WKHS. BidaskClub upgraded shares of Workhorse Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. ValuEngine cut shares of Workhorse Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.

The company has a fifty day moving average price of $3.46.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Manhattan Co. grew its holdings in shares of Workhorse Group by 76.9% in the first quarter. First Manhattan Co. now owns 1,725,800 shares of the company’s stock worth $1,061,000 after purchasing an additional 750,000 shares during the last quarter. Cannell Peter B & Co. Inc. grew its holdings in shares of Workhorse Group by 28.9% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,447,342 shares of the company’s stock worth $4,255,000 after purchasing an additional 324,903 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Workhorse Group by 756.4% in the second quarter. BlackRock Inc. now owns 1,073,924 shares of the company’s stock worth $3,157,000 after purchasing an additional 948,521 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Workhorse Group by 17.2% in the second quarter. Wells Fargo & Company MN now owns 444,371 shares of the company’s stock worth $1,306,000 after purchasing an additional 65,076 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in shares of Workhorse Group in the second quarter worth about $1,073,000. Hedge funds and other institutional investors own 12.28% of the company’s stock.

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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