Localiza Rent a Car (OTCMKTS:LZRFY) Shares Down 14.4% – Time to Sell?

Shares of Localiza Rent a Car S.A. (OTCMKTS:LZRFY) traded down 14.4% during trading on Monday. The stock traded as low as $8.85 and last traded at $8.85. 1,693 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 41,588 shares. The stock had previously closed at $10.34.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Localiza Rent a Car from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Localiza Rent a Car Price Performance

The stock has a market capitalization of $6.37 billion and a PE ratio of 10.02. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s fifty day moving average is $8.15 and its 200-day moving average is $8.29.

Localiza Rent a Car Company Profile

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.