Horizon Global Corp. (NYSE:HZN) shares traded down 1.2% during mid-day trading on Friday . The company 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 cut shares of Horizon Global Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Horizon Global Corp. currently has an average rating of “Buy” and an average price target of $14.00.

The stock has a 50-day moving average of $14.50 and a 200 day moving average of $12.26. The firm has a market capitalization of $317.83 million and a PE ratio of 22.40.

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