Horizon Global Corp. (NYSE:HZN)’s share price was down 1.2% during trading on Friday . The stock traded as low as $17.66 and last traded at $17.66, with a volume of 98,644 shares. The stock had previously closed at $17.87.

Separately, Zacks Investment Research lowered shares of Horizon Global Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $14.00.

The company has a market cap of $317.83 million and a PE ratio of 22.40. The company has a 50-day moving average of $14.33 and a 200 day moving average of $12.26.

Horizon Global Corp. (NYSE:HZN) last announced its earnings results on Tuesday, August 9th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.25. The business had revenue of $167.76 million for the quarter, compared to analyst estimates of $166.54 million. Equities research analysts anticipate that Horizon Global Corp. will post $1.08 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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