Zacks Investment Research upgraded shares of Mohawk Group (NYSE:MWK) from a sell rating to a hold rating in a research note issued to investors on Friday morning, Zacks.com reports.

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.

In related news, insider Yaniv Zion Sarig bought 6,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $7.03 per share, with a total value of $42,180.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.

Featured Article: Why do companies issue convertible shares?

Get a free copy of the Zacks research report on Mohawk Group (MWK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mohawk Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Group and related companies with MarketBeat.com's FREE daily email newsletter.