Hertz Global (NYSE:HTZ) Shares Down 4.7% - Here's What Happened

Hertz Global Holdings, Inc. (NYSE:HTZ - Get Free Report) fell 4.7% during mid-day trading on Friday . The stock traded as low as $7.55 and last traded at $7.52. 2,129,959 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 8,786,095 shares. The stock had previously closed at $7.89.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Hertz Global to a "sell" rating in a research note on Thursday, May 1st.

Hertz Global Stock Performance

The firm's 50 day simple moving average is $6.71 and its 200-day simple moving average is $5.30. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -0.74 and a beta of 2.15.

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.

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