Localiza Rent a Car (OTCMKTS:LZRFY) Hits New 1-Year Low – Time to Sell?

Localiza Rent a Car S.A. (OTCMKTS:LZRFY)’s share price reached a new 52-week low on Thursday. The stock traded as low as $5.30 and last traded at $5.3350, with a volume of 9,126 shares changing hands. The stock had previously closed at $5.59.

Wall Street Analysts Forecast Growth

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

Localiza Rent a Car Stock Down 4.0%

The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a fifty day moving average price of $8.07 and a two-hundred day moving average price of $8.51. The firm has a market capitalization of $5.53 billion and a P/E ratio of 8.70.

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.