NEW YORK (

TheStreet

) --

Rent-A-Center

(Nasdaq:

RCII

) hit a new 52-week high Tuesday as it is currently trading at $39.18, above its previous 52-week high of $38.32 with 154,035 shares traded as of 9:40 a.m. ET. Average volume has been 591,800 shares over the past 30 days.

Rent-A-Center has a market cap of $2.2 billion and is part of the

services

sector and

diversified services

industry. Shares are up 0.8% year to date as of the close of trading on Monday.

Rent-A-Center, Inc., together with its subsidiaries, primarily engages in leasing household durable goods to customers on a rent-to-own basis. The company has a P/E ratio of 13.3, below the average diversified services industry P/E ratio of 16.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Rent-A-Center as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Rent-A-Center Ratings Report

.

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