Hertz Global (NYSE:HTZ) Shares Down 4.5% – Time to Sell?

Hertz Global Holdings, Inc. (NYSE:HTZ)’s share price traded down 4.5% during mid-day trading on Monday . The stock traded as low as $4.69 and last traded at $4.70. 2,859,880 shares were traded during trading, a decline of 56% from the average session volume of 6,535,039 shares. The stock had previously closed at $4.92.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Hertz Global to a “sell” rating in a report on Thursday, November 28th.

Hertz Global Stock Performance

The company’s fifty day simple moving average is $3.48 and its 200-day simple moving average is $3.60. The company has a market capitalization of $1.38 billion, a P/E ratio of -0.51 and a beta of 2.03.

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.