WWE is Among the Companies in the Movies & Entertainment Industry With the Highest Current Ratio

Below are the three companies in the Movies & Entertainment 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.

World Wrestling Entertainment (NYSE:WWE) is highest with a current ratio of 4.4. World Wrestling Entertainment, Inc. is an integrated media and entertainment company with offices in the United States, Canada, and the United Kingdom. The Company conducts operations in live wrestling events, original television programming, music, publishing, advertising, licensing, and home video. World Wrestling distributes its programs to countries worldwide in various languages.

World Wrestling Entertainment (NYSE:WWE) has potential upside of 12.7% based on a current price of $9.32 and analysts' consensus price target of $10.50. The stock should run into initial resistance at its 50-day moving average (MA) of $9.91 and subsequent resistance at its 200-day MA of $10.08.

Rentrak (NASDAQ:RENT) is next with a current ratio of 3.1.

Finishing up the top three is DreamWorks Animation (NASDAQ:DWA), with a current ratio of 2.9.

source: fnno.com