Relatively High Current Ratio Detected in Shares of 8X8 INC in the Alternative Carriers Industry (EGHT, IRDM, CCOI, SAAS, ORBC)
Below are the three companies in the Alternative Carriers 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.
8X8 INC ranks highest with a a current ratio of 6.3. Following is Iridiummmunications with a a current ratio of 5.5. Cogent Communications ranks third highest with a a current ratio of 3.8.
inContact follows with a a current ratio of 3.5, and ORBCOMM rounds out the top five with a a current ratio of 3.2.
SmarTrend recommended that subscribers consider buying shares of inContact on March 21st, 2016 as our technology indicated a new Uptrend was in progress when shares hit $9.58. Since that recommendation, shares of inContact have risen 44.6%. We continue to monitor inContact for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest current ratio 8x8 inc iridiummmunications cogent communications incontact orbcomm