Shares of Workhorse Group Inc (NASDAQ:WKHS) traded up 14.6% during mid-day trading on Thursday . The company traded as high as $3.02 and last traded at $2.98, 1,989,950 shares were traded during trading. A decline of 23% from the average session volume of 2,568,650 shares. The stock had previously closed at $2.60.

A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of Workhorse Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. BidaskClub lowered shares of Workhorse Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 5th.

The stock’s 50-day moving average is $3.24 and its 200-day moving average is $2.94.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.07).

Institutional investors have recently made changes to their positions in the business. Bank of Montreal Can bought a new stake in Workhorse Group in the 2nd quarter valued at $29,000. Tranquility Partners LLC bought a new stake in Workhorse Group in the 2nd quarter valued at $31,000. HBK Sorce Advisory LLC bought a new stake in Workhorse Group in the 2nd quarter valued at $76,000. Charles Schwab Investment Management Inc. bought a new stake in Workhorse Group in the 2nd quarter valued at $112,000. Finally, Prospera Financial Services Inc increased its holdings in Workhorse Group by 70.2% in the 3rd quarter. Prospera Financial Services Inc now owns 41,225 shares of the company’s stock valued at $144,000 after buying an additional 17,000 shares during the period. 18.46% of the stock is currently owned by hedge funds and other institutional investors.

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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