Localiza Rent a Car (OTCMKTS:LZRFY) Shares Down 6.1% – Time to Sell?

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) shares were down 6.1% during mid-day trading on Tuesday. The stock traded as low as $4.95 and last traded at $4.95. 12,990 shares were traded 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 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 data from MarketBeat.com, Localiza Rent a Car has a consensus rating of “Hold”.

Localiza Rent a Car Stock Performance

The stock’s 50-day simple moving average is $8.05 and its 200 day simple moving average is $8.49. The stock has a market capitalization of $5.29 billion and a price-to-earnings ratio of 8.33. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.48.

Localiza Rent a Car Company Profile

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.