Relatively Low Current Ratio Detected in Shares of HNI in the Office Services & Supplies Industry (HNI, PBI, MLHR, SCS, KNL)
Below are the three companies in the Office Services & Supplies 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.
HNI ranks lowest with a a current ratio of 0.7. Following is Pitney Bowes with a a current ratio of 1.0. Herman Miller ranks third lowest with a a current ratio of 1.3.
Steelcase follows with a a current ratio of 1.6, and Knoll rounds out the bottom five with a a current ratio of 1.6.
SmarTrend recommended that subscribers consider buying shares of HNI on July 11th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $48.68. Since that recommendation, shares of HNI have risen 7.8%. We continue to monitor HNI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest current ratio pitney bowes herman miller steelcase knoll