Hertz Global (NYSE:HTZ) Shares Down 4.3% – Here’s What Happened

Hertz Global Holdings, Inc. (NYSE:HTZ) shares fell 4.3% during trading on Thursday . The company traded as low as $3.08 and last traded at $3.12. 774,406 shares traded hands during trading, a decline of 88% from the average session volume of 6,558,797 shares. The stock had previously closed at $3.26.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Hertz Global to a “sell” rating in a research note on Thursday.

Hertz Global Trading Down 2.5 %

The company has a market cap of $938.85 million, a price-to-earnings ratio of -7.87 and a beta of 2.02. The company has a fifty day moving average price of $3.28 and a two-hundred day moving average price of $4.33.

Hertz Global (NYSE:HTZ) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($1.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.21) by ($0.23). The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.48 billion.

About Hertz Global

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.