Horizon Global Corp. (HZN) Sees Unusually-High Trading Volume
Horizon Global Corp. (NYSE:HZN) saw strong trading volume on Thursday . 89,957 shares changed hands during mid-day 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 research analysts recently commented on the company. Zacks Investment Research raised Horizon Global Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a report on Wednesday. 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 issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.00.
The company has a 50-day moving average price of $12.36 and a 200-day moving average price of $11.47. The stock has a market cap of $279.51 million and a P/E ratio of 19.73.
Horizon Global Corp. (NYSE:HZN) last posted its earnings results on Tuesday, August 9th. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.25. The company had revenue of $167.76 million for the quarter, compared to the consensus estimate of $166.54 million. On average, 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, 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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