Rent-A-Center Stock Hits New 52-Week High (RCII)

NEW YORK ( TheStreet) -- Rent-A-Center (Nasdaq: RCII) hit a new 52-week high Wednesday as it traded at $33.25 compared with its previous 52-Week high of $33.15. Rent-A-Center is changing hands at $33.22 with 112,991 shares traded as of 10:31 a.m. ET. Average volume has been 560,700 shares over the past 30 days. Rent-A-Center has a market cap of $2.1 billion and is part of the services sector and diversified services industry. Shares are down 0.7% 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 11.5, below the average diversified services industry P/E ratio of 12.5 and below the S&P 500 P/E ratio of 23.4.

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 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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