Rent-A-Center Inc. (NASDAQ:RCII) traded today at a new 52-week high of $53.17. Approximately 101,000 shares have changed hands today, as compared to an average 30-day volume of 602,000 shares.
Rent-A-Center offers rent-to-own purchasing options for appliances, computers, smartphones, furniture, and related items. Customers make rental payments with the option to own the product after completing rent-to-own agreements. The company’s operating segments are Rent-a-Center business, which includes company-owned stores and online platform; preferred lease, which provides lease-to-own options through third-party retailers; Mexico, which includes company-owned stores in Mexico; and franchising, which sells rental merchandise to intermediate franchisees for royalties and startup fees.
In the past 52 weeks, shares of Rent-A-Center Inc. have traded between a low of $11.69 and a high of $53.17 and is now at $52.05, which is 345% above that low price.
Rent-A-Center Inc. (NASDAQ:RCII) is currently priced 8.9% above its average consensus analyst price target of $47.43.
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