Horizon Global Corp (NYSE:HZN) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded Horizon Global Corp (NYSE:HZN) to Hold in a statement released on Tuesday October 11, 2016.
Boasting a price of $21.04, Horizon Global Corp (NYSE:HZN) traded 0.20% higher on the day. With the last stock price close up 44.08% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Horizon Global Corp has recorded a 50-day average of $19.25 and a two hundred day average of $14.16. Volume of trade was down over the average, with 140,124 shares of HZN changing hands under the typical 183,769
With a total market value of $0, Horizon Global Corp has price-earnings ratio of 26.15 with a one year low of $8.04 and a one year high of $22.12 .
Brief Synopsis About Horizon Global Corp (NYSE:HZN)
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. The Cequent Americas segment consists of two operating segments: Cequent Performance Products (CPP), a manufacturer of aftermarket and original equipment manufacturer (OEM) towing and trailering products and accessories, and Cequent Consumer Products (CCP), a provider of towing, trailering, vehicle protection and cargo management solutions serving the end user through retailers. The Cequent Americas segment has operates in North America, and its towing and trailering-related products are sold through retail, aftermarket and OE channels. The Cequent APEA segment focuses its sales and manufacturing efforts outside of the Americas, operating in Australia.
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