Hertz Global (NYSE:HTZ) Trading 11% Higher – Still a Buy?

Hertz Global Holdings, Inc. (NYSE:HTZ) shares traded up 11% on Wednesday . The company traded as high as $4.03 and last traded at $4.03. 1,245,333 shares changed hands during trading, a decline of 64% from the average session volume of 3,492,039 shares. The stock had previously closed at $3.63.

Wall Street Analysts Forecast Growth

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

Hertz Global Price Performance

The company’s fifty day moving average price is $3.98 and its 200-day moving average price is $3.58. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -0.45 and a beta of 2.44.

About Hertz Global

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.