Apr 06, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Semiconductor Equipment industry with the lowest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.Daqo New Energy ranks lowest with a a current ratio of 0.8. Following is GT Advanced Technologies with a a current ratio of 1.0. MEMC Electronic Materials ranks third lowest with a a current ratio of 1.3.
Amkor Technology follows with a a current ratio of 1.6, and Trio Tech International rounds out the bottom five with a a current ratio of 1.7.
SmarTrend recommended that its subscribers protect gains by selling shares of Daqo New Energy on March 1st, 2012 by issuing a Downtrend alert when the shares were trading at $2.91. Since that call, shares of Daqo New Energy have fallen 28.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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