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
Investors interested in the Finance sector may consider better-ranked stocks like American Financial Group Inc.
), CNB Financial Corp.
) and Fortress Investment Group LLC
). All these stocks carry a Zacks Rank #1 (Strong Buy).
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. Click to get this free report >>AMER FINL GROUP (AFG): Free Stock Analysis ReportCNB FINL CP PA (CCNE): Free Stock Analysis ReportFORTRESS INVEST (FIG): Free Stock Analysis ReportMCGRATH RENTCOR (MGRC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research