Hertz Global (NYSE:HTZ) Trading 9.7% Higher – Here’s Why

Hertz Global Holdings, Inc. (NYSE:HTZ) was up 9.7% during mid-day trading on Tuesday . The stock traded as high as $4.40 and last traded at $4.44. Approximately 923,321 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 3,712,353 shares. The stock had previously closed at $4.05.

Wall Street Analyst Weigh In

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

Hertz Global Stock Performance

The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -0.48 and a beta of 2.46. The firm’s 50-day simple moving average is $3.96 and its 200-day simple moving average is $3.63.

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.