Horizon Global Corp. (HZN) Sees Strong Trading Volume
Horizon Global Corp. (NYSE:HZN) shares saw strong trading volume on Thursday . 89,957 shares were traded during trading, an increase of 26% from the previous session’s volume of 71,502 shares.The stock last traded at $15.04 and had previously closed at $14.96.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Horizon Global Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research report on Wednesday. Seaport Global Securities raised shares of Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, May 4th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $14.00.
The company’s 50 day moving average price is $12.46 and its 200 day moving average price is $11.51. The firm has a market capitalization of $278.79 million and a price-to-earnings ratio of 19.68.
Horizon Global Corp. (NYSE:HZN) last issued its earnings results on Tuesday, August 9th. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.25. The business earned $167.76 million during the quarter, compared to analysts’ expectations of $166.54 million. Equities analysts anticipate that Horizon Global Corp. will post $1.09 EPS for the current fiscal year.
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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