[May 21, 2013] Shares of Tech Data Rank the Lowest in Terms of P/E Ratio in the Technology Distributors Industry (TECD, ARW, NSIT, AVT, SNX) Tweet May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Technology Distributors industry with the lowest 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.Tech Data ranks lowest with a a P/E ratio of 8.98. Following is Arrow Electronics with a a P/E ratio of 9.28. Insight Enterprises ranks third lowest with a a P/E ratio of 9.43. Avnet follows with a a P/E ratio of 9.72, and SYNNEX rounds out the bottom five with a a P/E ratio of 9.75. SmarTrend recommended that subscribers consider buying shares of SYNNEX on May 3rd, 2013 as our technology indicated a new Uptrend was in progress when shares hit $35.02. Since that recommendation, shares of SYNNEX have risen 7.8%. We continue to monitor SYNNEX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 [ Back To TMCnet.com's Homepage ]