NEW YORK (

TheStreet

) --

Avis Budget Group Inc

(Nasdaq:

CAR

) hit a new 52-week low Friday as it is currently trading at $9.73, below its previous 52-week low of $9.76 with 850,710 shares traded as of 2:25 p.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Avis Budget Group has a market cap of $1.1 billion and is part of the

services

sector and

diversified services

industry. Shares are down 35.2% year to date as of the close of trading on Thursday.

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Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, and ancillary services to businesses and consumers. The company has a P/E ratio of 9.3, below the average diversified services industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Avis Budget Group as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full

Avis Budget Group Ratings Report

.

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