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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.