Localiza Rent a Car S.A. (OTCMKTS:LZRFY – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $5.30 and last traded at $5.3350, with a volume of 9,126 shares. The stock had previously closed at $5.59.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Localiza Rent a Car from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
Read Our Latest Stock Report on Localiza Rent a Car
Localiza Rent a Car Trading Down 3.8%
The firm has a market cap of $5.70 billion and a P/E ratio of 8.96. The company’s 50 day simple moving average is $8.11 and its 200-day simple moving average is $8.54. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.48.
About Localiza Rent a Car
Localiza Rent a Car SA is a Brazilian mobility company that provides vehicle rental and fleet-management services. Its business serves individual customers, corporate clients and transportation partners through short-term rentals, monthly rental programs and other vehicle-use solutions.
The company also operates in the used-vehicle market through the sale of vehicles removed from its rental fleet. Its services are supported by a broad network of rental locations, including facilities at airports and in urban areas, as well as digital channels for reservations and customer service.
Founded in 1973 and headquartered in Belo Horizonte, Brazil, Localiza expanded its operations across Latin America.
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