McGrath RentCorp (NASDAQ:MGRC – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports. According to Zacks, “McGrath RentCorp is comprised of three business segments: Mobile Modular Management Corporation, their modular building rental group, RenTelco, their electronic test equipment […]
McGrath RentCorp (NASDAQ:MGRC – Get Rating) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 227,800 shares, a decrease of 30.2% from the March 15th total of 326,400 shares. Based on an average trading volume of 88,000 shares, the days-to-cover […]
McGrath RentCorp (NASDAQ:MGRC – Get Rating) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 326,400 shares, an increase of 24.7% from the February 28th total of 261,700 shares. Approximately 1.4% of the shares of the company are short sold. […]
Zacks Investment Research upgraded shares of McGrath RentCorp (NASDAQ:MGRC – Get Rating) from a hold rating to a buy rating in a research report report published on Saturday, Zacks.com reports. They currently have $88.00 target price on the financial services provider’s stock. According to Zacks, “McGrath RentCorp is comprised of three business segments: Mobile Modular […]
Company s 52-week low was at $44.32
Price action over last quarter: Up 37.58%
Company Overview
McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues primarily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.