Hertz Global (NYSE:HTZ) Stock Price Down 6.6% – Here’s Why

by · The Cerbat Gem

Hertz Global Holdings, Inc. (NYSE:HTZ – Get Free Report) fell 6.6% during mid-day trading on Thursday . The company traded as low as $2.85 and last traded at $2.85. 1,236,720 shares were traded during mid-day trading, a decline of 81% from the average session volume of 6,422,672 shares. The stock had previously closed at $3.05.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Hertz Global to a “sell” rating in a research report on Thursday, October 10th.

View Our Latest Analysis on Hertz Global

Hertz Global Price Performance

The stock has a market capitalization of $870.48 million, a P/E ratio of -0.84 and a beta of 2.02. The stock’s fifty day moving average is $3.15 and its 200-day moving average is $3.87.

Hertz Global (NYSE:HTZ – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($1.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.21) by ($0.23). The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.48 billion.

Hertz Global Company Profile

(Get Free Report)

Hertz Global Holdings, Inc operates as a vehicle rental company. The company operates through two segments, Americas Rental Car and International Rental Car. It offers vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-operated, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand.

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