General Finance (NASDAQ:GFN) Stock Crosses Above 200 Day Moving Average of $8.39

General Finance Co. (NASDAQ:GFN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.39 and traded as high as $10.65. General Finance shares last traded at $10.26, with a volume of 131 shares changing hands.

Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded General Finance from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. ValuEngine raised shares of General Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th.

The business’s 50-day simple moving average is $9.17 and its two-hundred day simple moving average is $8.40. The company has a current ratio of 1.47, a quick ratio of 1.07 and a debt-to-equity ratio of 3.00. The firm has a market cap of $319.19 million, a price-to-earnings ratio of 37.11, a P/E/G ratio of 1.33 and a beta of 1.57.

General Finance (NASDAQ:GFN) last issued its earnings results on Thursday, November 7th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. General Finance had a return on equity of 11.65% and a net margin of 0.38%. The company had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $92.60 million. On average, analysts forecast that General Finance Co. will post 0.66 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted its stake in General Finance by 7.9% during the 3rd quarter. Rhumbline Advisers now owns 15,037 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 1,098 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in General Finance by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 154,238 shares of the business services provider’s stock valued at $1,291,000 after acquiring an additional 2,950 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in General Finance during the 3rd quarter valued at $28,000. Royal Bank of Canada lifted its stake in General Finance by 1,027.6% during the 2nd quarter. Royal Bank of Canada now owns 3,800 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 3,463 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in General Finance by 3.3% during the 2nd quarter. Northern Trust Corp now owns 133,023 shares of the business services provider’s stock valued at $1,113,000 after acquiring an additional 4,266 shares in the last quarter. Institutional investors own 23.60% of the company’s stock.

General Finance Company Profile (NASDAQ:GFN)

General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.

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