Horizon Global Corp (NYSE:HZN) shot up 3.7% during trading on Monday . The company traded as high as $4.09 and last traded at $3.63, 3,391 shares were traded during mid-day trading. A decline of 98% from the average session volume of 198,810 shares. The stock had previously closed at $3.50.
A number of research firms recently commented on HZN. B. Riley set a $3.00 target price on shares of Horizon Global and gave the company a “hold” rating in a research report on Friday, August 16th. Zacks Investment Research upgraded shares of Horizon Global from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Horizon Global from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Roth Capital reiterated a “neutral” rating on shares of Horizon Global in a research note on Friday, May 24th.
The stock has a market cap of $95.71 million, a price-to-earnings ratio of -2.84 and a beta of 1.25. The stock’s 50 day moving average is $4.06 and its two-hundred day moving average is $3.18.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Horizon Global by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 848,039 shares of the company’s stock worth $3,044,000 after acquiring an additional 19,689 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of Horizon Global by 12.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 446,807 shares of the company’s stock worth $1,604,000 after acquiring an additional 51,118 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Horizon Global by 13.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,487,928 shares of the company’s stock worth $12,522,000 after acquiring an additional 404,930 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Horizon Global by 57.1% in the 1st quarter. Royce & Associates LP now owns 1,689,690 shares of the company’s stock worth $3,278,000 after acquiring an additional 614,364 shares during the period. Hedge funds and other institutional investors own 41.34% of the company’s stock.
Horizon Global Company Profile (NYSE:HZN)
Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. It operates in three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, tow bars, security products, and other towing accessories for attaching a trailer, camper, etc.
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