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Richardson Electronics is Among the Companies in the Technology Distributors Industry With the Highest Current Ratio (RELL, IFON, AXE, AGYS, PCCC)
Jan 01, 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 10.4. Infosonics is next with a a current ratio of 4.0. Anixter International ranks third highest with a a current ratio of 2.5.
Agilysys follows with a a current ratio of 2.4, and PC Connection rounds out the top five with a a current ratio of 2.4.
SmarTrend recommended that its subscribers protect gains by selling shares of Infosonics on August 21st, 2012 by issuing a Downtrend alert when the shares were trading at $1.15. Since that call, shares of Infosonics have fallen 43.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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