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Relatively Low Current Ratio Detected in Shares of Willbros in the Oil & Gas Equipment & Services Industry (WG, TGE, DRC, DVR, TTI)
Mar 07, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Oil & Gas Equipment & Services industry with the lowest 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.Willbros ranks lowest with a a current ratio of 1.3. TGC Industries is next with a a current ratio of 1.4. Dresser-Rand ranks third lowest with a a current ratio of 1.4.
Cal Dive International follows with a a current ratio of 1.5, and Tetra Technologies rounds out the bottom five with a a current ratio of 1.5.
SmarTrend recommended that subscribers consider buying shares of Tetra Technologies on November 19th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $6.28. Since that recommendation, shares of Tetra Technologies have risen 40.9%. We continue to monitor Tetra Technologies for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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