Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Hertz Global Holdings (NYSE: HTZ) hit a new 52-week high Friday as it is currently trading at $17.97, above its previous 52-week high of $17.95 with 2.8 million shares traded as of 12:26 p.m. ET. Average volume has been 6.9 million shares over the past 30 days. Hertz Global has a market cap of $7.46 billion and is part of the services sector and diversified services industry. Shares are up 9.3% year to date as of the close of trading on Thursday. Hertz Global Holdings, Inc., through its subsidiaries, engages in the car and equipment rental businesses worldwide. The company operates in two segments, Car Rental and Equipment Rental. The company has a P/E ratio of 24, above the S&P 500 P/E ratio of 17.7.