Workhorse Group (NASDAQ:WKHS) Stock Price Down 5.7%

Workhorse Group Inc (NASDAQ:WKHS)’s share price traded down 5.7% during trading on Wednesday . The company traded as low as $3.07 and last traded at $3.14, 1,294,711 shares changed hands during trading. A decline of 53% from the average session volume of 2,760,398 shares. The stock had previously closed at $3.33.

A number of equities analysts recently commented on the company. ValuEngine downgraded Workhorse Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub downgraded Workhorse Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 5th.

The business has a fifty day moving average of $3.70 and a 200 day moving average of $2.25.

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

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new position in shares of Workhorse Group during the second quarter valued at approximately $29,000. Tranquility Partners LLC purchased a new stake in shares of Workhorse Group in the second quarter worth $31,000. HBK Sorce Advisory LLC purchased a new stake in shares of Workhorse Group in the second quarter worth $76,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Workhorse Group in the second quarter worth $112,000. Finally, Marietta Wealth Management LLC purchased a new stake in shares of Workhorse Group in the first quarter worth $31,000. Institutional investors own 18.49% of the company’s stock.

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.

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