General Finance (NASDAQ:GFN) Stock Price Crosses Above Two Hundred Day Moving Average of $9.22

Shares of General Finance Co. (NASDAQ:GFN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.22 and traded as high as $10.97. General Finance shares last traded at $10.96, with a volume of 350 shares trading hands.

Several equities analysts recently issued reports on GFN shares. ValuEngine cut General Finance from a “buy” rating to a “hold” rating in a research report on Monday, December 9th. Zacks Investment Research cut General Finance from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th.

The firm has a market capitalization of $329.31 million, a P/E ratio of 121.22, a PEG ratio of 1.32 and a beta of 1.60. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.06 and a current ratio of 1.51. The firm has a 50-day moving average of $10.82 and a 200-day moving average of $9.23.

General Finance (NASDAQ:GFN) last announced its earnings results on Thursday, November 7th. The business services provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $89.90 million during the quarter, compared to analyst estimates of $92.60 million. General Finance had a net margin of 1.55% and a return on equity of 12.88%. On average, research analysts forecast that General Finance Co. will post 0.68 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in GFN. Tower Research Capital LLC TRC purchased a new stake in General Finance during the 3rd quarter valued at $28,000. Royal Bank of Canada increased its stake in shares of General Finance by 1,027.6% in the 2nd quarter. Royal Bank of Canada now owns 3,800 shares of the business services provider’s stock worth $32,000 after purchasing an additional 3,463 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of General Finance in the 1st quarter worth $81,000. Rhumbline Advisers increased its stake in shares of General Finance by 7.9% in the 3rd quarter. Rhumbline Advisers now owns 15,037 shares of the business services provider’s stock worth $133,000 after purchasing an additional 1,098 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of General Finance by 106.4% in the 3rd quarter. Millennium Management LLC now owns 15,907 shares of the business services provider’s stock worth $140,000 after purchasing an additional 8,199 shares in the last quarter. Institutional investors and hedge funds own 23.48% 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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