TMCnet News
Shares of Richardson Electronics Rank the Highest in Terms of Current Ratio in the Technology Distributors Industry (RELL, IFON, PCCC, AXE, SCSC)Jun 03, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Technology Distributors industry with the highest 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.Richardson Electronics ranks highest with a a current ratio of 9.5. Following is Infosonics with a a current ratio of 4.0. PC Connection ranks third highest with a a current ratio of 2.7. Anixter International follows with a a current ratio of 2.6, and Scansource rounds out the top five with a a current ratio of 2.5. SmarTrend recommended that subscribers consider buying shares of Scansource on May 3rd, 2013 as our technology indicated a new Uptrend was in progress when shares hit $29.22. Since that recommendation, shares of Scansource have risen 9.3%. We continue to monitor Scansource 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 |