NEW YORK (

TheStreet

) --

Rent-A-Center

(Nasdaq:

RCII

) hit a new 52-week high Wednesday as it traded at $34.77 compared with its previous 52-Week high of $34.76. Rent-A-Center is changing hands at $34.76 with 18,697 shares traded as of 9:47 a.m. ET. Average volume has been 606,500 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 6.7% year to date as of the close of trading on Tuesday.

Rent-A-Center, Inc., together with its subsidiaries, primarily engages in leasing household durable goods to customers on a rent-to-own basis in the United States. The company has a P/E ratio of 13, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 16.1.

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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, solid stock price performance, attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Rent-A-Center Ratings Report

.

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