Below are the three companies in the Electrical Components & Equipment 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.
UQM Technologies (AMEX:UQM) is highest with a current ratio of 14.5. UQM Technologies, Inc. develops and manufactures electric motors, generators, and power electronics. The Company's products are sold to the aerospace, medical, military, and industrial markets. UQM's principal focus is on the development of products for the alternative energy technologies sector.
Potential upside of 137.3% exists for UQM Technologies, based on a current level of $1.38 and analysts' average consensus price target of $3.28. The stock should find initial resistance at its 50-day moving average (MA) of $1.69 and further resistance at its 200-day MA of $2.12.
Following is Advanced Battery Technologies (NASDAQ:ABAT) with a current ratio of 13.7.
Finishing up the top three is Fushi Copperweld (NASDAQ:FSIN), with a current ratio of 13.2.
