Hertz Global (NYSE:HTZ) Shares Down 4.8% - Time to Sell?

Key Points

• Hertz Global's share price fell by 4.8% during trading, closing at $5.71, with a significant drop in trading volume compared to its average.
• Wall Street analysts have raised Hertz to a "sell" rating, reflecting negative sentiment regarding its share performance.
• The company has a market capitalization of $1.76 billion and operates as a vehicle rental service under several brands, indicating its broad market presence.

Hertz Global Holdings, Inc. (NYSE:HTZ - Get Free Report)'s share price traded down 4.8% during trading on Monday . The company traded as low as $5.75 and last traded at $5.71. 4,487,094 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 11,192,225 shares. The stock had previously closed at $5.99.

Wall Street Analysts Forecast Growth

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

Hertz Global Stock Performance

The company has a fifty day moving average of $6.87 and a two-hundred day moving average of $5.60. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -0.56 and a beta of 2.14.

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.

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