Horizon Group (OTCMKTS:HGPI) Trading Up 7.5% – Should You Buy?

Shares of Horizon Group (OTCMKTS:HGPI) were up 7.5% during mid-day trading on Wednesday . The company traded as high as $2.20 and last traded at $2.15. Approximately 200 shares were traded during trading, an increase of 633% from the average daily volume of 27 shares. The stock had previously closed at $2.00.

Horizon Group Stock Performance

The stock’s 50-day moving average price is $2.08 and its 200-day moving average price is $2.51.

About Horizon Group

Based in Chicago, Illinois, Horizon Group Properties, Inc has 12 operating factory outlet centers and one power center in 10 states totaling more than 2.6 million square feet.