Relatively High Level of Cash Detected in Shares of Garmin in the Consumer Electronics Industry (GRMN, GPRO, HAR, UEIC, ZAGG)
Below are the three companies in the Consumer Electronics industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Garmin ranks highest with a CE of $2,000. Gen-Probe is next with a CE of $513. Harman International Industries ranks third highest with a CE of $402.
Universal Electronics follows with a CE of $64, and Zagg rounds out the top five with a CE of $15.
SmarTrend recommended that subscribers consider buying shares of Zagg on July 14th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $6.15. Since that recommendation, shares of Zagg have risen 22.0%. We continue to monitor Zagg for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash Garmin amex:gpro Gen-Probe harman international industries universal electronics