Horizon Global Corp. (HZN) Shares Down 4%
Horizon Global Corp. (NYSE:HZN)’s share price dropped 4% on Thursday . The company traded as low as $10.84 and last traded at $10.84, with a volume of 80,643 shares. The stock had previously closed at $11.29.
HZN has been the subject of a number of recent research reports. Zacks Investment Research raised Horizon Global Corp. from a “sell” rating to a “hold” rating and set a $13.00 price target for the company in a research report on Tuesday, May 3rd. Seaport Global Securities raised Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, May 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $13.20.
The company’s 50 day moving average is $11.54 and its 200-day moving average is $10.93. The company has a market capitalization of $197.19 million and a P/E ratio of 21.76.
Horizon Global Corp. (NYSE:HZN) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.07. On average, analysts forecast that Horizon Global Corp. will post $0.94 earnings per share for the current year.
An institutional investor recently raised its position in Horizon Global Corp. stock. Oxford Asset Management raised its position in Horizon Global Corp. (NYSE:HZN) by 188.7% during the fourth quarter, Holdings Channel reports. The fund owned 245,686 shares of the company’s stock after buying an additional 160,592 shares during the period. Oxford Asset Management owned approximately 1.36% of Horizon Global Corp. worth $2,540,000 as of its most recent filing with the SEC.
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailer and cargo management products, and other accessories. The Company operates through two segments: Cequent Americas, which focuses on the North and South American markets, and Cequent APEA, which focuses on its sales and manufacturing in the Asia Pacific, Europe and Africa regions of the world.
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