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Lowest Current Ratio in the Technology Distributors Industry Detected in Shares of Electro Rent (ELRC, TECD, IM, NSIT, WSTG)

By James Quinn

Below are the three companies in the Technology Distributors 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.

Electro Rent ranks lowest with a a current ratio of 0.5. Following is Tech Data with a a current ratio of 1.5. Ingram Micro ranks third lowest with a a current ratio of 1.6.

Insight Enterprises follows with a a current ratio of 1.6, and Wayside Technology rounds out the bottom five with a a current ratio of 1.6.

SmarTrend recommended that subscribers consider buying shares of Electro Rent on May 2nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $10.13. Since that recommendation, shares of Electro Rent have risen 53.1%. We continue to monitor Electro Rent for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: lowest current ratio electro rent tech data ingram micro insight enterprises wayside technology