Relatively Low Current Ratio Detected in Shares of Target in the General Merchandise Stores Industry (TGT, FRED, DG, BIG, TUES)
Below are the three companies in the General Merchandise Stores 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.
Target ranks lowest with a a current ratio of 1.1. Following is Fred's with a a current ratio of 1.5. Dollar General ranks third lowest with a a current ratio of 1.6.
Big Lots follows with a a current ratio of 1.7, and Tuesday Morning rounds out the bottom five with a a current ratio of 1.9.
SmarTrend recommended that its subscribers protect gains by selling shares of Tuesday Morning on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $6.80. Since that call, shares of Tuesday Morning have fallen 11.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest current ratio Target fred's Dollar General big lots tuesday morning