Investors Buy High Volume of Rent-A-Center Call Options (RCII)
Rent-A-Center Inc (NASDAQ:RCII) saw some unusual options trading on Wednesday. Traders acquired 27,249 call options on the company. This represents an increase of 3,163% compared to the typical daily volume of 835 call options.
Shares of Rent-A-Center (RCII) opened at $9.85 on Monday. The company has a current ratio of 2.55, a quick ratio of 0.46 and a debt-to-equity ratio of 2.69. Rent-A-Center has a 52-week low of $7.93 and a 52-week high of $13.89. The company has a market capitalization of $525.12, a PE ratio of -2.98 and a beta of 0.63.
RCII has been the topic of a number of analyst reports. Zacks Investment Research cut Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. BidaskClub cut Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Loop Capital set a $8.00 price target on Rent-A-Center and gave the company a “sell” rating in a research note on Wednesday, January 17th. Jefferies Group cut their price target on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, November 1st. Finally, Raymond James Financial restated a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Rent-A-Center has a consensus rating of “Hold” and a consensus target price of $11.21.
Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.
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