Hertz Global (HTZGQ) Stock Crosses $5 Hurdle: What’s Going On?

The Hertz Global Holdings Inc (OTCMKTS:HTZGQ) has surged by 27% this morning to take its gains for the past month to 280%. The latest rally in the stock has been brought about by the company’s strong performance in the first quarter of 2021.

Hertz Global (HTZGQ) Stock Crosses $5 Hurdle: What’s Going On?

In the financial results announced this Monday, Hertz Global revealed that it made a profit of $190 million for the first quarter and generated earnings of $1.21 for each dilute share. In the year-ago period, the company had suffered a significant loss of $356 million.

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During this quarter, Hertz Global managed to generate revenues of $1.3 billion, which was lower than the revenues of $1.9 billion that were generated in the prior year period. The company managed to improve its financial performance considerably by cutting costs substantially and making its operations more suited to the demands of the market. Investors could do well to keep an eye on the stock this morning.

At the time of writing, HTZGQ stock is trading higher by 26.83% at $4.68 after hitting a session high of $5.19.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life