Hertz Global (NYSE:HTZ) Shares Gap Down – Here’s Why

Hertz Global Holdings, Inc. (NYSE:HTZ)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $3.25, but opened at $3.12. Hertz Global shares last traded at $3.13, with a volume of 532,636 shares trading hands.

Wall Street Analyst Weigh In

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

Hertz Global Trading Down 0.7 %

The stock has a market cap of $902.15 million, a P/E ratio of -7.56 and a beta of 2.02. The firm has a 50-day simple moving average of $3.20 and a two-hundred day simple moving average of $4.03.

Hertz Global (NYSE:HTZ) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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.