Hertz Global (NYSE:HTZ) Shares Down 8.4% – Here’s Why

Shares of Hertz Global Holdings, Inc. (NYSE:HTZ) traded down 8.4% during trading on Thursday . The company traded as low as $3.47 and last traded at $3.35. 1,780,558 shares changed hands during trading, a decline of 72% from the average session volume of 6,262,849 shares. The stock had previously closed at $3.65.

Wall Street Analysts Forecast Growth

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

Hertz Global Stock Performance

The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -0.36 and a beta of 2.44. The firm has a fifty day moving average of $4.08 and a 200-day moving average of $3.72.

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.