Hertz Global Holdings (NYSE:HTZ) is trading at unusually high volume Tuesday with 13.6 million shares changing hands. It is currently at two times its average daily volume and trading up $1.63 (+7.4%).
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) is trading at unusually high volume Tuesday with 13.6 million shares changing hands. It is currently at two times its average daily volume and trading up $1.63 (+7.4%) at $23.54 as of 2:36 p.m. ET.
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Hertz Global has a market cap of $9.39 billion and is part of the services sector and diversified services industry. Shares are up 34.7% year to date as of the close of trading on Monday. 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 41.2, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Hertz Global as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Hertz Global Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.