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Kaiser Aluminum is Among the Companies in the Aluminum Industry With the Highest Current Ratio (KALU, CENX, NOR)
Edited by : AL CIRCLE
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Below are the three companies in the Aluminum 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.
Kaiser Aluminum (NASDAQ:KALU) is highest with a current ratio of 2.7. Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets.
Potential upside of 33.7% exists for Kaiser Aluminum, based on a current level of $45.88 and analysts' average consensus price target of $61.33. The stock should find resistance at its 200-day moving average (MA) of $48.68, as well as support at its 50-day MA of $45.39.
Following is Century Aluminum (NASDAQ:CENX) with a current ratio of 2.5.
Finishing up the top three is Noranda Aluminum (NYSE:NOR), with a current ratio of 1.8.
Kaiser Aluminum (NASDAQ:KALU) is highest with a current ratio of 2.7. Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets.
Potential upside of 33.7% exists for Kaiser Aluminum, based on a current level of $45.88 and analysts' average consensus price target of $61.33. The stock should find resistance at its 200-day moving average (MA) of $48.68, as well as support at its 50-day MA of $45.39.
Following is Century Aluminum (NASDAQ:CENX) with a current ratio of 2.5.
Finishing up the top three is Noranda Aluminum (NYSE:NOR), with a current ratio of 1.8.
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