McGrath RentCorp Stock Hits New 52-Week High (MGRC)

NEW YORK ( TheStreet) -- McGrath RentCorp (Nasdaq: MGRC) hit a new 52-week high Monday as it is currently trading at $31.83, above its previous 52-week high of $31.82 with 37,106 shares traded as of 11:29 a.m. ET. Average volume has been 71,100 shares over the past 30 days.

McGrath RentCorp has a market cap of $760.5 million and is part of the services sector and diversified services industry. Shares are up 9% year to date as of the close of trading on Friday.

McGrath RentCorp operates as a business-to-business rental company in the United States. It operates in four segments: Mobile Modular Management Corporation (Mobile Modular); TRS-RenTelco; Adler Tank Rentals, LLC (Adler Tanks); and Enviroplex, Inc. (Enviroplex). The company has a P/E ratio of 15.7, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates McGrath RentCorp as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full McGrath RentCorp Ratings Report.

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