Hertz Global (NYSE:HTZ) Trading Down 6.6% – Should You Sell?

Hertz Global Holdings, Inc. (NYSE:HTZ) shares fell 6.6% during mid-day trading on Thursday . The company traded as low as $2.85 and last traded at $2.85. 1,236,720 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 6,422,672 shares. The stock had previously closed at $3.05.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Hertz Global to a “sell” rating in a report on Thursday, October 10th.

Hertz Global Stock Performance

The stock has a market capitalization of $870.48 million, a price-to-earnings ratio of -0.84 and a beta of 2.02. The company’s 50 day moving average is $3.15 and its 200 day moving average is $3.87.

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