Hertz Global (OTCMKTS:HTZZ) Stock Price Down 7.9% - What's Next?

Key Points

• Hertz shares fell 7.9% intraday, trading as low as $6.435 and last at $6.60 after a prior close of $7.17, on a massive volume surge to about 20,645,483 shares (up ~3,477% vs. average).
• The company has a low trailing P/E of 1.76 and a market cap of $3.12 billion, with a debt-to-equity ratio of 2.07 and current/quick ratios of 2.91.
• Hertz operates vehicle rental and mobility brands (Hertz, Dollar, Thrifty) offering short-term rentals, long-term leasing, fleet management and digital reservation services.

Hertz Global Holdings, Inc. (OTCMKTS:HTZZ - Get Free Report) shares were down 7.9% during mid-day trading on Thursday . The company traded as low as $6.4350 and last traded at $6.60. Approximately 20,645,483 shares changed hands during mid-day trading, an increase of 3,477% from the average daily volume of 577,139 shares. The stock had previously closed at $7.17.

Hertz Global Price Performance

The company has a debt-to-equity ratio of 2.07, a current ratio of 2.91 and a quick ratio of 2.91. The stock's fifty day moving average is $5.03 and its 200-day moving average is $5.27. The stock has a market cap of $3.12 billion and a PE ratio of 1.76.

About Hertz Global

Hertz Global Holdings, Inc operates as a vehicle rental and mobility solutions provider, offering a wide range of transportation services to individual and corporate customers. Through its Hertz, Dollar and Thrifty brands, the company provides daily, weekly and monthly car rentals, as well as long-term leasing, fleet management and dedicated account services. Hertz serves leisure travelers, business clients and government entities with passenger cars, SUVs, vans and specialty vehicles, complemented by digital reservation platforms and roadside assistance offerings.

Founded in 1918 in Chicago by Walter L.

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