Horizon Global Corp. (NYSE:HZN) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.19 and last traded at $13.16, with a volume of 35,608 shares changing hands. The stock had previously closed at $12.99.

A number of research analysts have issued reports on HZN shares. Zacks Investment Research lowered shares of Horizon Global Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Seaport Global Securities raised shares of Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $13.20.

The firm has a 50 day moving average price of $12.01 and a 200 day moving average price of $11.29. The company has a market capitalization of $237.13 million and a P/E ratio of 26.17.

Horizon Global Corp. (NYSE:HZN) last released its earnings results on Tuesday, May 3rd. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.07. On average, equities research analysts anticipate that Horizon Global Corp. will post $0.94 earnings per share for the current 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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