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Horizon Global (HZN) Shows Strength: Stock Rises 7.5%

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Horizon Global Corporation (HZN - Free Report) was a big mover last session, as the company saw its shares rise almost 8% on the day. The move came after the company announced that it has completed the acquisition of Westfalia-Automotive and Terwa, collectively referred to as “Westfalia”. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $17.75 to $20.87 in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.      

Horizon Global currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.

Another well-ranked Auto/Truck-Original stock is Cooper-Standard Holdings Inc. (CPS - Free Report) , which holds the same Zacks Rank as Horizon Global. You can see the complete list of today’s Zacks #1 Rank stocks here.

Is HZN going up? Or down? Predict to see what others think: Up or Down

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