Hertz Global (NYSE:HTZ) Trading Down 8.4% – Here’s What Happened

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

Analysts Set New Price Targets

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

Hertz Global Price Performance

The company’s 50-day simple moving average is $4.06 and its 200-day simple moving average is $3.72. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -0.37 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.