The stock of Workhorse Group Inc (NASDAQ:WKHS) is a huge mover today! The stock decreased 1.76% or $0.13 during the last trading session, hitting $7.24. About 77,996 shares traded hands. Workhorse Group Inc (NASDAQ:WKHS) has risen 40.86% since February 29, 2016 and is uptrending. It has outperformed by 30.43% the S&P500.
The move comes after 5 months negative chart setup for the $177.88M company. It was reported on Oct, 1 by Barchart.com. We have $6.23 PT which if reached, will make NASDAQ:WKHS worth $24.90M less.
Analysts await Workhorse Group Inc (WKHS) to report earnings on November, 21.
According to Zacks Investment Research, “Workhorse Group Inc. is engaged in designing, developing, manufacturing and selling medium-duty trucks. The Company’s products include trucks comprising powertrain and chassis. Powertrain includes E-GEN and AMP E-100. Chassis include W88, W22, W42 and W62. Workhorse Group Inc., formerly known as AMP Holding Inc., is based in Loveland, United States.”
More notable recent Workhorse Group Inc (NASDAQ:WKHS) news were published by: Quotes.Wsj.com which released: “News Workhorse Group Inc.WKHS” on August 29, 2015, also Marketwatch.com with their article: “Virtual Stock Exchange” published on April 20, 2015, Globenewswire.com published: “Workhorse Group Effects Reverse Stock Split in Preparation for Proposed …” on December 11, 2015. More interesting news about Workhorse Group Inc (NASDAQ:WKHS) were released by: Globenewswire.com and their article: “United States Postal Service Awards NGDV Prototype Contract to VT Hackney …” published on September 22, 2016 as well as Schaeffersresearch.com‘s news article titled: “Analyst Update: Workhorse Group Inc, AK Steel Holding Corporation, and …” with publication date: September 19, 2016.
WKHS Company Profile
Workhorse Group, Inc., formerly AMP Holding Inc., incorporated on November 13, 2007, is a development-stage company. The Firm designs, develops, makes and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Firm offers commercial step vans, medium duty buses, special use vehicles and recreational vehicles. The Company’s products include trucks comprising powertrain and chassis. The Company’s powertrain products include E-GEN and E-100. E-GEN is an electric drive, transmission-free system that has a gasoline/propane or compressed natural gas (CNG) engine that functions as an auxiliary generator. The generator only runs when the battery pack falls below a pre-determined depth-of-discharge (DOD) based on the delivery profile associated to the specific route. E-100, an all-electric, medium-duty truck, is its second-generation electric power train. E-100 includes a single electric motor with no transmission and the Lithium Ion batteries giving it a range of approximately 100 miles.
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