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

Posted by Renee Jackson on Oct 12th, 2024

Hertz Global Holdings, Inc. (NYSE:HTZ – Get Free Report) shares fell 4.3% during mid-day trading on Thursday . The company traded as low as $3.08 and last traded at $3.12. 774,406 shares changed hands during mid-day 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 Analyst Weigh In

Separately, StockNews.com raised Hertz Global to a “sell” rating in a research report on Thursday.

Get Our Latest Analysis on Hertz Global

Hertz Global Stock Performance

The stock has a market cap of $938.85 million, a price-to-earnings ratio of -7.87 and a beta of 2.02. The company’s 50 day simple moving average is $3.28 and its two-hundred day simple moving average is $4.33.

Hertz Global (NYSE:HTZ – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($1.44) earnings per share (EPS) for the quarter, missing the consensus estimate 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

(Get Free Report)

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.