[May 21, 2013] Top 5 Companies in the Electronic Equipment & Instruments Industry With the Lowest P/E Ratio (TESS, HOLI, MAGS, FLIR, MTSC) Tweet May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Electronic Equipment & Instruments 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.Tessco Technologies ranks lowest with a a P/E ratio of 10.27. Following is Hollysys Automation Technologies with a a P/E ratio of 13.08. Magal Security Systems ranks third lowest with a a P/E ratio of 15.84. FLIR Systems follows with a a P/E ratio of 16.08, and MTS Systems rounds out the bottom five with a a P/E ratio of 16.50. SmarTrend is monitoring the recent change of momentum in Tessco Technologies. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tessco Technologies 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 [ Back To TMCnet.com's Homepage ]