Shares of Horizon Global Corp. (NYSE:HZN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.07 and last traded at $16.87, with a volume of 363,837 shares traded. The stock had previously closed at $15.48.

HZN has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Horizon Global Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. 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 investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Horizon Global Corp. currently has an average rating of “Buy” and an average target price 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 $316.63 million and a price-to-earnings ratio of 22.313.

Horizon Global Corp. (NYSE:HZN) last announced 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 had revenue of $167.76 million for the quarter, compared to the consensus estimate of $166.54 million. Analysts forecast 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, 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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