Hertz Global (NYSE:HTZ) Shares Down 9.4% - Here's Why

Key Points

• Hertz Global Holdings shares dropped 9.4% on Friday, trading as low as $5.27, reflecting a significant decrease from its previous close of $5.78.
• The company experienced a trading volume decline of 42% compared to its average daily volume, with approximately 6.1 million shares changing hands.
• Hertz operates as a vehicle rental company under various brands, with a market capitalization of $1.62 billion and a negative PE ratio of -0.63.

Hertz Global Holdings, Inc. (NYSE:HTZ - ) was down 9.4% during mid-day trading on Friday . The company traded as low as $5.27 and last traded at $5.24. Approximately 6,100,027 shares changed hands during trading, a decline of 42% from the average daily volume of 10,588,529 shares. The stock had previously closed at $5.78.

Hertz Global Price Performance

The stock's fifty day moving average is $5.93 and its 200-day moving average is $6.28. The stock has a market capitalization of $1.62 billion, a PE ratio of -0.63 and a beta of 2.16.

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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