McGrath RentCorp (NASDAQ:MGRC) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 24, 2016
Having a price of $31.51, McGrath RentCorp (NASDAQ:MGRC) traded -0.69% lower on the day. With the last close up 10.61% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. McGrath RentCorp has recorded a 50-day average of $31.76 and a two hundred day average of $28.70. Volume of trade was down over the average, with 77,691 shares of MGRC changing hands under the typical 95,948
Zacks Investment Research has downgraded McGrath RentCorp (NASDAQ:MGRC) to Hold in a statement released on 9/21/2016.
With a total market value of $0, McGrath RentCorp has price-earnings ratio of 19.68 with a one year low of $21.46 and a one year high of $33.35 .
More About McGrath RentCorp (NASDAQ:MGRC)
McGrath RentCorp is a diversified business-to-business rental company with four rental divisions: relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The Company operates in 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. The TRS-RenTelco rents and sells electronic test equipment. The Adler Tanks segment offers tanks and boxes used to store hazardous and non-hazardous liquids and solids. Enviroplex manufactures portable classrooms.
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