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Hertz Global (NYSE:HTZ) Shares Down 4.8% - Here's Why

Hertz Global logo with Industrials background

Shares of Hertz Global Holdings, Inc. (NYSE:HTZ - Get Free Report) dropped 4.8% during mid-day trading on Friday . The stock traded as low as $8.23 and last traded at $8.23. Approximately 2,506,622 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 8,833,465 shares. The stock had previously closed at $8.65.

Hertz Global Price Performance

The stock has a market capitalization of $2.10 billion, a P/E ratio of -0.73 and a beta of 2.37. The stock's fifty day moving average is $4.71 and its 200-day moving average is $4.15.

Hertz Global Company Profile

(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.

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