Hertz Global (NYSE:HTZ) Trading Down 5.6% – Here’s What Happened

Shares of Hertz Global Holdings, Inc. (NYSE:HTZ) dropped 5.6% on Tuesday . The company traded as low as $4.38 and last traded at $4.40. Approximately 1,019,525 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 6,512,808 shares. The stock had previously closed at $4.66.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Hertz Global to a “sell” rating in a research note on Thursday, November 28th.

Hertz Global Price Performance

The stock has a market capitalization of $1.36 billion, a P/E ratio of -0.50 and a beta of 2.38. The stock’s 50-day simple moving average is $3.64 and its 200 day simple moving average is $3.59.

Hertz Global Company Profile

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.