Mohawk Group Holdings (NYSE:MWK) Given Average Recommendation of “Strong Buy” by Brokerages

Shares of Mohawk Group Holdings (NYSE:MWK) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price objective of $12.00 for the company and are expecting that the company will post ($0.33) EPS for the current quarter, according to Zacks. Zacks has also given Mohawk Group an industry rank of 51 out of 256 based on the ratings given to its competitors.

A number of brokerages have recently commented on MWK. Alliance Global Partners began coverage on Mohawk Group in a report on Monday, July 8th. They issued a “buy” rating and a $15.00 price target on the stock. National Securities began coverage on Mohawk Industries in a report on Thursday, July 11th. They issued a “buy” rating on the stock. Finally, Roth Capital began coverage on Mohawk Group in a report on Monday, July 8th. They issued a “buy” rating and a $9.00 price target on the stock.

NYSE:MWK traded up $0.22 on Tuesday, reaching $7.50. The company’s stock had a trading volume of 27,400 shares, compared to its average volume of 63,361. Mohawk Group has a 1-year low of $6.11 and a 1-year high of $10.74.

Mohawk Group Company Profile

Mohawk Group Holdings, Inc operates as a technology-enabled consumer products company in the United States. It offers home and kitchen appliances; kitchenware; environmental appliances, such as dehumidifiers and air conditioners; beauty related products; and consumer electronics under the hOme, Vremi, Xtava, and RIF6 brands.

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