Lowest Current Ratio in the Systems Software Industry Detected in Shares of Symantec (SYMC, N, CA, RHT, PRGS)
Below are the three companies in the Systems Software 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.
Symantec ranks lowest with a a current ratio of 1.3. Following is NetSuite with a a current ratio of 1.3. CA Inc ranks third lowest with a a current ratio of 1.3.
Red Hat follows with a a current ratio of 1.4, and Progress Software rounds out the bottom five with a a current ratio of 1.7.
SmarTrend recommended that subscribers consider buying shares of Progress Software on April 15th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $25.62. Since that recommendation, shares of Progress Software have risen 12.2%. We continue to monitor Progress Software for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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