Hertz Global (NYSE:HTZ) Shares Gap Down to $5.90

Hertz Global Holdings, Inc. (NYSE:HTZ - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $5.90, but opened at $5.65. Hertz Global shares last traded at $5.63, with a volume of 2,156,557 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Hertz Global from a "hold" rating to a "sell" rating in a research note on Wednesday, February 7th.

Hertz Global Stock Down 7.5 %

The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 6.81 and a beta of 1.99. The stock's 50 day moving average price is $7.39 and its two-hundred day moving average price is $8.65.

Hertz Global (NYSE:HTZ - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($1.36) earnings per share for the quarter, missing analysts' consensus estimates of ($1.02) by ($0.34). The firm had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.15 billion.

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.