Localiza Rent a Car (OTCMKTS:LZRFY) Shares Down 6.1% – What’s Next?

Localiza Rent a Car S.A. (OTCMKTS:LZRFY)’s share price was down 6.1% on Tuesday. The company traded as low as $4.95 and last traded at $4.95. 12,990 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 44,274 shares. The stock had previously closed at $5.2690.

Analysts Set New Price Targets

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

Localiza Rent a Car Price Performance

The company has a fifty day moving average of $7.95 and a 200-day moving average of $8.45. The firm has a market cap of $5.59 billion and a P/E ratio of 8.92. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.23 and a quick ratio of 1.23.

About Localiza Rent a Car

Localiza Rent a Car SA is a Brazil-based mobility company that provides vehicle rental and transportation-related services through the Localiza brand. Its core business includes short-term car rentals for individual, business, and leisure customers, supported by a broad network of rental locations serving major airports, cities, and travel destinations.

The company also operates in fleet management and long-term vehicle rentals, providing vehicles and related services to corporate customers.