TMCnet News
Highest P/E Ratio in the Technology Distributors Industry Detected in Shares of Richardson Electronics (RELL, ELRC, AXE, PCCC, SCSC)May 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Technology Distributors industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Richardson Electronics ranks highest with a a P/E ratio of 31.54. Electro Rent is next with a a P/E ratio of 18.14. Anixter International ranks third highest with a a P/E ratio of 15.89. PC Connection follows with a a P/E ratio of 12.76, and Scansource rounds out the top five with a a P/E ratio of 12.34. SmarTrend is monitoring the recent change of momentum in Scansource. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Scansource in search of a potential trend change. 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 |