Horizon Global (NYSE:HZN) Stock Price Passes Below 50 Day Moving Average of $1.59

Horizon Global Co. (NYSE:HZNGet Rating)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.59 and traded as low as $1.47. Horizon Global shares last traded at $1.52, with a volume of 19,939 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Horizon Global in a research note on Saturday. They issued a “hold” rating for the company.

Horizon Global Trading Up 0.7 %

The stock’s fifty day moving average is $1.59 and its 200 day moving average is $2.98.

Horizon Global (NYSE:HZNGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.80) EPS for the quarter. The business had revenue of $181.22 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Atlas FRM LLC bought a new position in shares of Horizon Global in the 4th quarter worth about $19,989,000. Royce & Associates LP grew its position in Horizon Global by 1.5% during the 2nd quarter. Royce & Associates LP now owns 1,912,894 shares of the company’s stock valued at $3,118,000 after purchasing an additional 28,336 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Horizon Global by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 490,218 shares of the company’s stock valued at $2,799,000 after purchasing an additional 11,231 shares during the last quarter. Renaissance Technologies LLC grew its position in Horizon Global by 12.0% during the 2nd quarter. Renaissance Technologies LLC now owns 226,102 shares of the company’s stock valued at $369,000 after purchasing an additional 24,300 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in Horizon Global by 90.0% during the 4th quarter. First Eagle Investment Management LLC now owns 91,467 shares of the company’s stock valued at $730,000 after purchasing an additional 43,319 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors.

Horizon Global Company Profile

(Get Rating)

Horizon Global Corporation engages in the design, manufacture, and distribution of towing, trailering, cargo management, and other related accessory products worldwide. It operates in two segments, Horizon Americas and Horizon Europe-Africa. The company provides towing products, such as hitches/tow bars, fifth wheels, gooseneck hitches, weight distribution systems, brake controllers, wiring harnesses, draw bars, ball mounts, crossbars, security products, and other towing accessories.

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