TMCnet News
Relatively Low Current Ratio Detected in Shares of Daqo New Energy in the Semiconductor Equipment Industry (DQ, WFR, TRT, AMKR, AEHR)Apr 05, 2013 (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 0.5. Following is MEMC Electronic Materials with a a current ratio of 1.3. Trio Tech International ranks third lowest with a a current ratio of 1.5. Amkor Technology follows with a a current ratio of 1.7, and Aehr Test Systems rounds out the bottom five with a a current ratio of 2.0. SmarTrend recommended that its subscribers protect gains by selling shares of Daqo New Energy on March 4th, 2013 by issuing a Downtrend alert when the shares were trading at $10.46. Since that call, shares of Daqo New Energy have fallen 40.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |