Hertz Global (OTCMKTS:HTZZ) Shares Down 2% – Here’s Why

Hertz Global Holdings, Inc. (OTCMKTS:HTZZGet Free Report) fell 2% on Wednesday . The company traded as low as $1.91 and last traded at $1.93. Approximately 15,435,086 shares were traded during mid-day trading, an increase of 2,574% from the average session volume of 577,139 shares. The stock had previously closed at $1.97.

Hertz Global Trading Down 1.1%

The firm has a market capitalization of $879.20 million and a P/E ratio of 0.50. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.07. The firm has a 50 day moving average of $2.03 and a 200-day moving average of $3.89.

About Hertz Global

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Hertz Global Holdings, Inc is a mobility and vehicle-rental company whose principal operations are conducted through the Hertz, Dollar and Thrifty brands. The company provides short-term vehicle rentals to leisure and business customers through airport and neighborhood locations, as well as reservations made through digital channels. Its fleet has included a range of cars, SUVs, vans and other vehicles.

Hertz also operates Firefly, a value-oriented rental brand serving selected markets.

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