Hertz Global (NYSE:HTZ) Trading Down 5.9% - Here's Why

Hertz Global Holdings, Inc. (NYSE:HTZ - Get Free Report) shares fell 5.9% during mid-day trading on Monday . The company traded as low as $6.28 and last traded at $6.29. 2,219,061 shares were traded during mid-day trading, a decline of 75% from the average session volume of 8,802,013 shares. The stock had previously closed at $6.68.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Hertz Global to a "sell" rating in a research note on Thursday, May 1st.

Hertz Global Trading Up 7.5 %

The firm has a market cap of $2.07 billion, a PE ratio of -0.72 and a beta of 2.26. The company has a 50 day moving average price of $5.08 and a 200 day moving average price of $4.34.

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.