Horizon Global (NYSE:HZN) Share Price Crosses Above Fifty Day Moving Average of $5.62

Horizon Global Corp (NYSE:HZN) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.62 and traded as high as $5.87. Horizon Global shares last traded at $5.69, with a volume of 19,400 shares trading hands.

Separately, Zacks Investment Research raised Horizon Global from a “sell” rating to a “hold” rating in a research note on Tuesday, July 21st.

The company has a market cap of $146.76 million, a PE ratio of 1.78 and a beta of 1.78. The stock has a 50 day moving average of $5.62 and a 200-day moving average of $3.49.

Horizon Global (NYSE:HZN) last issued its earnings results on Friday, August 7th. The company reported ($0.64) earnings per share (EPS) for the quarter. The firm had revenue of $120.49 million during the quarter. Horizon Global had a negative return on equity of 4,042.82% and a net margin of 13.39%.

About Horizon Global (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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