Mohawk Group (NYSE:MWK) Raised to “Hold” at Zacks Investment Research
According to Zacks, “Mohawk Group Holdings Inc. and subsidiaries is a technology-enabled consumer products company which uses machine learning, natural language processing and data analytics to design, develop, market and sell products. The company operates through online retail channels such as Amazon, eBay and Walmart. It owned and operated brand includes hOme, Vremi, Xtava and RIF6. The company sells products in home and kitchen appliances, kitchenware, environmental appliances, beauty related products and consumer electronics. Mohawk Group Holdings Inc. is based in NEW YORK. “
Mohawk Group stock traded down $0.77 during trading hours on Friday, reaching $5.23. 37,800 shares of the company were exchanged, compared to its average volume of 36,932. The firm has a 50-day moving average price of $6.65. Mohawk Group has a 12 month low of $5.18 and a 12 month high of $10.74.
Several hedge funds have recently modified their holdings of the company. K.J. Harrison & Partners Inc acquired a new position in shares of Mohawk Group in the second quarter valued at $242,000. Monashee Investment Management LLC acquired a new stake in shares of Mohawk Group during the second quarter worth about $161,000. AWM Investment Company Inc. acquired a new stake in shares of Mohawk Group during the second quarter worth about $4,557,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Mohawk Group during the second quarter worth about $63,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Mohawk Group during the second quarter worth about $43,000.
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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