Price Action Report: Will Horizon Global Corp Short Squeeze Soon?

Price Action Report: Will Horizon Global Corp Short Squeeze Soon?

The stock of Horizon Global Corp (NYSE:HZN) is a huge mover today! About 207,972 shares traded hands. Horizon Global Corp (NYSE:HZN) has risen 94.50% since March 8, 2016 and is uptrending. It has outperformed by 85.19% the S&P500.
The move comes after 6 months negative chart setup for the $388.03M company. It was reported on Oct, 11 by We have $18.62 PT which if reached, will make NYSE:HZN worth $42.68 million less.

Analysts await Horizon Global Corp (NYSE:HZN) to report earnings on November, 8. They expect $0.27 EPS, down 46.00% or $0.23 from last year’s $0.5 per share. HZN’s profit will be $5.01M for 19.37 P/E if the $0.27 EPS becomes a reality. After $0.64 actual EPS reported by Horizon Global Corp for the previous quarter, Wall Street now forecasts -57.81% negative EPS growth.

Horizon Global Corp (NYSE:HZN) Ratings Coverage

Out of 6 analysts covering Horizon Global Corporation (NYSE:HZN), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Horizon Global Corporation has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, October 15 by Roth Capital. The firm has “Buy” rating given on Thursday, October 15 by TH Capital. The company was upgraded on Wednesday, March 2 by Barrington Research. Seaport Global upgraded the shares of HZN in a report on Wednesday, March 2 to “Speculative Buy” rating. Roth Capital maintained Horizon Global Corp (NYSE:HZN) on Thursday, November 12 with “Buy” rating. The stock of Horizon Global Corp (NYSE:HZN) earned “Market Outperform” rating by CJS Securities on Tuesday, September 20.

According to Zacks Investment Research, “Horizon Global Corporation is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers. Horizon Global Corporation is based in Bloomfield Hills, United States.”

More notable recent Horizon Global Corp (NYSE:HZN) news were published by: which released: “Troy-based Horizon Global Corp. acquires rival towing companies” on August 25, 2016, also with their article: “Horizon Global Corp.’s Margin Gains Cause Profits to Surge” published on August 09, 2016, published: “Horizon Global completes acquisition of Westfalia-Automotive” on October 05, 2016. More interesting news about Horizon Global Corp (NYSE:HZN) were released by: and their article: “Denise Ilitch Appointed Co-Chair of Horizon Global Corporation” published on July 01, 2016 as well as‘s news article titled: “Horizon Global completes acquisition of Westfalia” with publication date: October 05, 2016.

HZN Company Profile

Horizon Global Corporation, incorporated on January 14, 2015, is a designer, maker 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 Firm operates through two divisions: Cequent Americas and Cequent APEA. The Company’s Cequent Americas and Cequent APEA marketed through original equipment manufacturers (OEMs), OE suppliers, retailers and aftermarket clients servicing users in the agricultural, automotive, construction, horse/livestock, industrial, marine, military, recreational, trailer and utility markets. The Company’s products are used in approximately two primary categories across the world, including commercial applications (Work) and recreational activities (Play). The markets in its Work category include agricultural, automotive, construction, fleet, industrial, marine, military, mining and municipalities. The markets in its Play category include equestrian, power sports, recreational vehicle, specialty automotive, truck accessory and other specialty towing applications. The Firm distributes its products through independent installers, warehouse distributors, dealers, OE, retail stores and online retailers.

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