Horizon Global Corp. (HZN) Sees Unusually-High Trading Volume
Horizon Global Corp. (NYSE:HZN) saw strong trading volume on Tuesday . 91,713 shares changed hands during trading, an increase of 4% from the previous session’s volume of 87,965 shares.The stock last traded at $15.59 and had previously closed at $15.32.
HZN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Horizon Global Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, August 10th. Seaport Global Securities upgraded shares of Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a report on Wednesday, May 4th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $14.00.
The stock has a 50 day moving average price of $13.37 and a 200-day moving average price of $11.89. The company has a market capitalization of $306.19 million and a P/E ratio of 21.58.
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, beating the Zacks’ consensus estimate of $0.39 by $0.25. The firm had revenue of $167.76 million for the quarter, compared to analyst estimates of $166.54 million. Analysts expect that Horizon Global Corp. will post $1.09 earnings per share for the current year.
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA.
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