Horizon Global Corp. (NYSE:HZN) shares hit a new 52-week high during trading on Monday . The stock traded as high as $15.79 and last traded at $15.67, with a volume of 101,618 shares traded. The stock had previously closed at $15.35.

HZN has been the topic of several recent research reports. Zacks Investment Research downgraded Horizon Global Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Seaport Global Securities raised Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a report on Wednesday, May 4th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $14.00.

The stock’s 50-day moving average price is $12.71 and its 200 day moving average price is $11.63. The firm has a market cap of $279.88 million and a P/E ratio of 19.76.

Horizon Global Corp. (NYSE:HZN) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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. On average, analysts predict that Horizon Global Corp. will post $1.09 earnings per share 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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