General Finance (NASDAQ:GFN) Stock Passes Above Two Hundred Day Moving Average of $0.00

General Finance Co. (NASDAQ:GFN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $7.37. General Finance shares last traded at $7.21, with a volume of 295 shares traded.

Several equities analysts recently commented on GFN shares. ValuEngine downgraded General Finance from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. Zacks Investment Research downgraded General Finance from a “buy” rating to a “hold” rating in a research report on Monday, July 15th.

The stock’s 50-day simple moving average is $7.78. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 3.18. The firm has a market cap of $230.05 million, a PE ratio of 119.17, a P/E/G ratio of 1.05 and a beta of 1.52.

Institutional investors and hedge funds have recently modified their holdings of the business. Monarch Partners Asset Management LLC purchased a new stake in General Finance in the first quarter worth about $654,000. BlackRock Inc. grew its position in shares of General Finance by 8.5% during the 4th quarter. BlackRock Inc. now owns 701,785 shares of the business services provider’s stock valued at $7,095,000 after purchasing an additional 54,864 shares in the last quarter. Northern Trust Corp grew its position in General Finance by 13.9% in the fourth quarter. Northern Trust Corp now owns 127,666 shares of the business services provider’s stock worth $1,290,000 after acquiring an additional 15,597 shares in the last quarter. Squarepoint Ops LLC purchased a new position in General Finance in the fourth quarter worth $217,000. Finally, Geode Capital Management LLC grew its holdings in shares of General Finance by 10.8% during the fourth quarter. Geode Capital Management LLC now owns 171,543 shares of the business services provider’s stock valued at $1,734,000 after buying an additional 16,779 shares during the last quarter. Hedge funds and other institutional investors own 23.99% of the company’s stock.

About General Finance (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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