McGrath Rentcorp (MGRC) in Focus: Stock Tumbles 10.3%
McGrath Rentcorp (MGRC) saw a big move last session, as the company’s shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MGRC, as the stock is now down nearly 9% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the finance leasing company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
MGRC currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.0%.
Investors interested in the Finance sector may consider better-ranked stocks like American Financial Group Inc. (AFG), CNB Financial Corp. (CCNE) and Fortress Investment Group LLC (FIG). All these stocks carry a Zacks Rank #1 (Strong Buy).
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MCGRATH RENT CP (MGRC): Free Stock Analysis Report
AMERICAN FINL GROUP INC OHIO (AFG): Free Stock Analysis Report
CNB FINAN CORP PA (CCNE): Free Stock Analysis Report
FORTRESS INVESTMENT GROUP LL (FIG): Free Stock Analysis Report
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