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McGrath RentCorp (NASDAQ:MGRC) has been downgraded to Hold in a report by Zacks Investment Research today.

Displaying a price of $33.21, McGrath RentCorp (NASDAQ:MGRC) traded 0.48% higher on the day. The last stock price is down 26.43% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same period. McGrath RentCorp has recorded a 50-day average of $42.05 and a two hundred day average of $36.73. Volume of trade was down over the average, with 40,874 shares of MGRC changing hands under the typical 58,443

Zacks Investment Research has downgraded McGrath RentCorp (NASDAQ:MGRC) to Hold in a report released on 06/08/2017.

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McGrath RentCorp (NASDAQ:MGRC)

With a market cap of $0, McGrath RentCorp has 52 week low of $29.26 and a one year high of $46.73 with a price-earnings ratio of 26.55 .

Brief Synopsis On McGrath RentCorp (NASDAQ:MGRC)

McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage division. As of December 31, 2016, the Company's TRS-RenTelco rented and sold electronic test equipment nationally and internationally from three facilities located in Grapevine, Texas (the Dallas facility), Dollard-des-Ormeaux, Canada (the Montreal facility) and Bangalore, Karnataka, India (the Bangalore facility). Adler Tanks purchases tanks and boxes from various manufacturers located throughout the country.

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