Richardson Electronics is Among the Companies in the Technology Distributors Industry With the Highest Current Ratio (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 its subscribers protect gains by selling shares of Richardson Electronics on December 4th, 2015 by issuing a Downtrend alert when the shares were trading at $5.43. Since that call, shares of Richardson Electronics have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
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