Relatively High Current Ratio Detected in Shares of Richardson Electronics in the Technology Distributors Industry (RELL, PCCC, AXE, AGYS, SCSC)
Below are the three companies in the Technology Distributors 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.
Richardson Electronics ranks highest with a a current ratio of 6.1. PC Connection is next with a a current ratio of 2.6. Anixter International ranks third highest with a a current ratio of 2.6.
Agilysys follows with a a current ratio of 2.3, and Scansource rounds out the top five with a a current ratio of 2.1.
SmarTrend recommended that subscribers consider buying shares of Richardson Electronics on July 19th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $5.55. Since that recommendation, shares of Richardson Electronics have risen 22.3%. We continue to monitor Richardson Electronics for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest current ratio richardson electronics pc connection anixter international agilysys scansource