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Hertz Global (NYSE:HTZ) Stock Price Down 2.7% - Here's What Happened

Hertz Global logo with Industrials background

Shares of Hertz Global Holdings, Inc. (NYSE:HTZ - Get Free Report) dropped 2.7% during trading on Friday . The stock traded as low as $7.30 and last traded at $7.44. Approximately 4,519,628 shares changed hands during trading, a decline of 60% from the average daily volume of 11,414,062 shares. The stock had previously closed at $7.65.

Analysts Set New Price Targets

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

Read Our Latest Report on HTZ

Hertz Global Stock Performance

The stock has a market capitalization of $2.30 billion, a P/E ratio of -0.73 and a beta of 2.15. The company's 50-day moving average price is $6.89 and its 200 day moving average price is $5.49.

About Hertz Global

(Get Free Report)

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.

Further Reading

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.

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