Hertz Global (NYSE:HTZ) Stock Price Up 8.1% – Here’s Why

Shares of Hertz Global Holdings, Inc. (NYSE:HTZ) shot up 8.1% during mid-day trading on Monday . The stock traded as high as $4.14 and last traded at $4.14. 2,367,652 shares were traded during trading, a decline of 17% from the average session volume of 2,846,461 shares. The stock had previously closed at $3.83.

Analysts Set New Price Targets

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

Hertz Global Price Performance

The company has a market capitalization of $1.22 billion, a P/E ratio of -0.45 and a beta of 2.44. The firm’s 50-day moving average is $3.86 and its 200-day moving average is $3.57.

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.