Workhorse Group Inc (NASDAQ:WKHS) gapped up prior to trading on Friday . The stock had previously closed at $1.30, but opened at $1.44. Workhorse Group shares last traded at $1.60, with a volume of 4490548 shares changing hands.

The company has a market cap of $111.27 million, a PE ratio of -2.08 and a beta of 1.47.

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

Several large investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its position in shares of Workhorse Group by 70.5% during the 1st quarter. Jane Street Group LLC now owns 51,412 shares of the company’s stock valued at $32,000 after buying an additional 21,250 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Workhorse Group during the 1st quarter valued at about $75,000. Northern Trust Corp grew its position in shares of Workhorse Group by 32.4% during the 1st quarter. Northern Trust Corp now owns 66,849 shares of the company’s stock valued at $41,000 after buying an additional 16,370 shares during the last quarter. Marietta Wealth Management LLC bought a new stake in shares of Workhorse Group during the 1st quarter valued at about $31,000. Finally, First Manhattan Co. grew its position in shares of Workhorse Group by 76.9% during the 1st quarter. First Manhattan Co. now owns 1,725,800 shares of the company’s stock valued at $1,061,000 after buying an additional 750,000 shares during the last quarter. 12.07% of the stock is owned by institutional investors and hedge funds.

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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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