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

Key Points

• Hertz Global's stock price fell 2.7% during trading on Friday, closing at $7.44, with a significant drop in trading volume.
• Analysts from Wall Street Zen have downgraded Hertz Global to a "sell" rating as of May 1st.
• The company has a market capitalization of $2.30 billion and reports a negative P/E ratio of -0.73, indicating financial challenges.

Hertz Global Holdings, Inc. (NYSE:HTZ - Get Free Report)'s share price fell 2.7% during trading on Friday . The company traded as low as $7.30 and last traded at $7.44. 4,519,628 shares were traded during mid-day trading, a decline of 60% from the average session volume of 11,414,062 shares. The stock had previously closed at $7.65.

Analysts Set New Price Targets

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

Hertz Global Price Performance

The firm has a market capitalization of $2.14 billion, a P/E ratio of -0.68 and a beta of 2.15. The stock has a fifty day simple moving average of $6.90 and a two-hundred day simple moving average of $5.53.

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.