NEW YORK ( TheStreet) -- Hertz Global Holdings Inc (NYSE: HTZ) hit a new 52-week low Monday as it is currently trading at $8.59, below its previous 52-week low of $8.65 with 2.1 million shares traded as of one p.m. ET. Average volume has been 5.6 million shares over the past 30 days. Hertz Global has a market cap of $3.9 billion and is part of the services sector and diversified services industry. Shares are down 38.6% year to date as of the close of trading on Friday. Hertz Global Holdings, Inc., through its subsidiaries, engages in the car and equipment rental businesses worldwide. It operates in two segments, Car Rental and Equipment Rental. The Car Rental segment engages in the ownership and lease of cars. The company has a P/E ratio of 78, below the average diversified services industry P/E ratio of 104 and above the S&P 500 P/E ratio of 17.7.
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