Electro Rent Corp. (ELRC) is Trading Lower on Unusual Volume for January 20

Equities Staff |

Electro Rent Corp. (ELRC) experienced unusually high volume on Jan. 20, as the stock lost 1.32% to a closing price of $7.48. The stock saw 59,489 shares trade hands over the course of the day on 527 trades. Given that the stock’s average daily volume over the last month has been 39,136 shares a day, this represents a pretty substantial spike over the norm.

Electro Rent Corp. has a P/B ratio of 0.8. It also has a P/E ratio of 17.6. The stock has traded between $13.60 and $7.41 over the last 52-weeks, its 50-day SMA is now $9.54, and its 200-day SMA $10.20.

Electro Rent Corp rental, lease and sale of new and used electronic test and measurement equipment, for use in the aerospace, telecommunications, defense, electronics, industrial, and semiconductor markets.

Headquartered in Van Nuys, CA, Electro Rent Corp. has 410 employees and is currently under the leadership of CEO Daniel Greenberg.

For a complete fundamental analysis analysis of Electro Rent Corp., check out Equities.com’s Stock Valuation Analysis report for ELRC. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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