Movida traded at 9.30 this Wednesday June 3rd, decreasing 0.52 or 5.30 percent since the previous trading session. Looking back, over the last four weeks, Movida lost 19.62 percent. Over the last 12 months, its price rose by 37.37 percent. Looking ahead, we forecast Movida to be priced at 9.25 by the end of this quarter and at 8.50 in one year, according to Trading Economics global macro models projections and analysts expectations.
Movida Participacoes SA is a Brazil-based company primarily engaged in the passenger car rental. The Company, through its subsidiaries Movida Locacao de Veiculos Ltda and Movida Gestao de Frotas SA, provides cars within short and long-time agreements, as well as fleet outsourcing to business customers. The Company''s cars are equipped with Global Positioning System (GPS), music player and wireless Internet, as well as with other on demand facilities, such as baby car seat. Its car brand names include Volkswagen, Fiat, Ford, Hyundai, Renault, Jeep, Chevrolet and Mercedes, among others. In addition, the Company sells used cars. The Company operates offices in numerous cities and near airports, in Brazil.