General Finance Co. (NASDAQ:GFN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.
Several research firms have issued reports on GFN. Zacks Investment Research lowered shares of General Finance from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. ValuEngine lowered shares of General Finance from a “buy” rating to a “hold” rating in a research report on Monday, December 9th.
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’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $9.22. The firm has a market capitalization of $325.07 million, a price-to-earnings ratio of 119.67, a price-to-earnings-growth ratio of 1.32 and a beta of 1.60.
General Finance (NASDAQ:GFN) last issued its earnings results on Thursday, November 7th. The business services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. General Finance had a net margin of 1.55% and a return on equity of 12.88%. The business had revenue of $89.90 million for the quarter, compared to analyst estimates of $92.60 million. As a group, equities research analysts anticipate that General Finance Co. will post 0.68 EPS for the current year.
Several institutional investors have recently modified their holdings of GFN. BlackRock Inc. boosted its position in shares of General Finance by 14.3% during the 2nd quarter. BlackRock Inc. now owns 778,551 shares of the business services provider’s stock valued at $6,516,000 after acquiring an additional 97,697 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of General Finance by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 647,765 shares of the business services provider’s stock valued at $5,422,000 after acquiring an additional 10,240 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of General Finance during the 1st quarter valued at about $81,000. Millennium Management LLC boosted its position in shares of General Finance by 106.4% during the 3rd quarter. Millennium Management LLC now owns 15,907 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 8,199 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of 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 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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