Horizon Global Corp. (HZN) Stock Price Down 4%
Horizon Global Corp. (NYSE:HZN) fell 4% during trading on Thursday . The stock traded as low as $10.84 and last traded at $10.84, with a volume of 80,643 shares changing hands. The stock had previously closed at $11.29.
Several brokerages recently commented on HZN. Zacks Investment Research cut Horizon Global Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. Seaport Global Securities raised Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Horizon Global Corp. presently has an average rating of “Buy” and a consensus target price of $13.20.
The firm has a 50 day moving average of $11.54 and a 200-day moving average of $10.93. The company has a market capitalization of $202.81 million and a PE ratio of 22.38.
Horizon Global Corp. (NYSE:HZN) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.07. Equities research analysts predict 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 institutional investor owned 245,686 shares of the company’s stock after buying an additional 160,592 shares during the period. Oxford Asset Management owned about 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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