Hertz Global (NYSE:HTZ) Shares Up 5.2% - Time to Buy?

Key Points

• Hertz Global's shares increased by 5.2%, reaching a trade high of $7.52, despite a 49% decline in trading volume compared to its average.
• The company's market cap stands at $2.23 billion, with a price-to-earnings ratio of -0.86 and a beta value of 2.13.
• Hertz operates in the vehicle rental industry under multiple brands including Hertz, Dollar, and Thrifty across various international locations.

Hertz Global Holdings, Inc. (NYSE:HTZ - )'s share price shot up 5.2% during trading on Thursday . The company traded as high as $7.52 and last traded at $7.33. 5,330,005 shares changed hands during trading, a decline of 49% from the average session volume of 10,526,076 shares. The stock had previously closed at $6.97.

Hertz Global Price Performance

The business has a fifty day simple moving average of $6.15 and a 200 day simple moving average of $6.01. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -0.86 and a beta of 2.13.

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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