Workhorse Group (NASDAQ:WKHS) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Workhorse Group (NASDAQ:WKHS) from a hold rating to a buy rating in a research report report published on Monday, BidAskClub reports.

Separately, ValuEngine upgraded China Southern Airlines from a sell rating to a hold rating in a report on Tuesday, June 11th.

Shares of NASDAQ:WKHS opened at $3.67 on Monday. The company’s fifty day moving average is $2.66. Workhorse Group has a one year low of $0.37 and a one year high of $4.14.

Workhorse Group (NASDAQ:WKHS) last announced its earnings results on Tuesday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The business had revenue of $0.36 million during the quarter.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Workhorse Group by 42.9% during the fourth quarter. BlackRock Inc. now owns 133,715 shares of the company’s stock worth $71,000 after purchasing an additional 40,139 shares during the last quarter. Marietta Wealth Management LLC acquired a new stake in shares of Workhorse Group during the first quarter worth $31,000. Finally, First Manhattan Co. boosted its holdings in shares of Workhorse Group by 76.9% during 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. Institutional investors and hedge funds own 12.05% of the company’s stock.

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.

Further Reading: Ex-Dividend

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