Hertz Global (NYSE:HTZ) Shares Gap Up - What's Next?

Key Points

• Hertz Global Holdings (NYSE:HTZ) shares opened at $6.30 after closing at $5.57, with recent trading at $6.21 and a volume of 5,660,922 shares.
• Analysts at Wall Street Zen downgraded Hertz Global to a "sell" rating, indicating potential concerns about the company's future performance.
• The company has a market capitalization of $1.80 billion and operates vehicle rentals under various brands globally, including Hertz, Dollar, and Thrifty.

Hertz Global Holdings, Inc. (NYSE:HTZ - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $5.57, but opened at $6.30. Hertz Global shares last traded at $6.21, with a volume of 5,660,922 shares.

Analyst Ratings Changes

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

Hertz Global Stock Performance

The business's 50 day moving average price is $6.78 and its two-hundred day moving average price is $5.62. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -0.57 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.