Hertz Global (NYSE:HTZ) Shares Down 8.5% – Here’s Why

Hertz Global Holdings, Inc. (NYSE:HTZ)’s stock price traded down 8.5% during trading on Thursday . The company traded as low as $3.53 and last traded at $3.49. 4,230,686 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 6,153,554 shares. The stock had previously closed at $3.81.

Analysts Set New Price Targets

Separately, StockNews.com raised Hertz Global to a “sell” rating in a report on Thursday, November 28th.

Hertz Global Trading Down 11.9 %

The business has a 50-day moving average price of $4.11 and a 200 day moving average price of $3.71. The stock has a market cap of $1.03 billion, a PE ratio of -0.36 and a beta of 2.44.

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.