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Company liquidity is an important consideration because sources of liquidity such as cash and securities not only allow a company to continue operations in the short term, but it also finances investments for longer-term growth.

We ran a screen on stocks trading within 5% of their 52-week high for those seeing increases in liquidity, measured by the current ratio (current assets/current liabilities), over the past four years.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.


(Click to enlarge)

Do you think these stocks will break through to new highs? Use this list as a starting point for your own analysis.

List sorted by distance from 52-week high.

1. Kirby Corporation (NYSE:KEX): Provides marine transportation and diesel engine services in the United States. Market cap of $3.60B. The stock is currently trading at 0.17% below its 52-week high. Current Ratio increased from 1.4 to 1.62 during the first time interval (12 months ending 2008-12-31 vs. 12 months ending 2007-12-31). For the second time interval, the Current Ratio increased from 1.62 to 2.19 (12 months ending 2009-12-31 vs. 12 months ending 2008-12-31). And for the final time interval, the Current Ratio increased from 2.19 to 2.66 (12 months ending 2010-12-31 vs. 12 months ending 2009-12-31). The stock is a short squeeze candidate, with a short float at 8.92% (equivalent to 10.86 days of average volume). The stock has gained 44.52% over the last year.

2. Air Methods Corp. (NASDAQ:AIRM): Provides air medical emergency transport services and systems in the United States. Market cap of $1.10B. The stock is currently trading at 0.30% below its 52-week high. Current Ratio increased from 2.1 to 2.26 during the first time interval (12 months ending 2008-12-31 vs. 12 months ending 2007-12-31). For the second time interval, the Current Ratio increased from 2.26 to 2.81 (12 months ending 2009-12-31 vs. 12 months ending 2008-12-31). And for the final time interval, the Current Ratio increased from 2.81 to 3.21 (12 months ending 2010-12-31 vs. 12 months ending 2009-12-31). The stock is a short squeeze candidate, with a short float at 12.95% (equivalent to 15.03 days of average volume). The stock has had a couple of great days, gaining 11.34% over the last week.

3. Multimedia Games Inc. (NASDAQ:MGAM): Engages in the development and supply of comprehensive systems, content, electronic games, and player terminals for the casino, charity, international bingo, and video lottery markets in the United States and Internationally. Market cap of $212.93M. The stock is currently trading at 0.51% below its 52-week high. Current Ratio increased from 1.79 to 1.93 during the first time interval (12 months ending 2009-09-30 vs. 12 months ending 2008-09-30). For the second time interval, the Current Ratio increased from 1.93 to 2.86 (12 months ending 2010-09-30 vs. 12 months ending 2009-09-30). And for the final time interval, the Current Ratio increased from 2.86 to 2.92 (12 months ending 2011-09-30 vs. 12 months ending 2010-09-30). The stock has had a couple of great days, gaining 9.02% over the last week.

4. Kodiak Oil & Gas Corp. (NYSE:KOG): Engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in the United States. Market cap of $1.34B. The stock is currently trading at 0.76% below its 52-week high. Current Ratio increased from 2.98 to 3.95 during the first time interval (12 months ending 2008-12-31 vs. 12 months ending 2007-12-31). For the second time interval, the Current Ratio increased from 3.95 to 4.26 (12 months ending 2009-12-31 vs. 12 months ending 2008-12-31). And for the final time interval, the Current Ratio increased from 4.26 to 5.32 (12 months ending 2010-12-31 vs. 12 months ending 2009-12-31). This is a risky stock that is significantly more volatile than the overall market (beta = 3.42). The stock has had a couple of great days, gaining 6.1% over the last week.

5. Visa, Inc. (NYSE:V): Operates retail electronic payments network worldwide. Market cap of $82.48B. The stock is currently trading at 0.77% below its 52-week high. Current Ratio increased from 1.56 to 2.08 during the first time interval (12 months ending 2009-09-30 vs. 12 months ending 2008-09-30). For the second time interval, the Current Ratio increased from 2.08 to 2.5 (12 months ending 2010-09-30 vs. 12 months ending 2009-09-30). And for the final time interval, the Current Ratio increased from 2.5 to 2.66 (12 months ending 2011-09-30 vs. 12 months ending 2010-09-30). The stock has had a couple of great days, gaining 5.67% over the last week.

6. American Tower Corp. (NYSE:AMT): Operates as a wireless and broadcast communications infrastructure company. Market cap of $23.50B. The stock is currently trading at 0.98% below its 52-week high. Current Ratio increased from 0.77 to 1.57 during the first time interval (12 months ending 2008-12-31 vs. 12 months ending 2007-12-31). For the second time interval, the Current Ratio increased from 1.57 to 1.67 (12 months ending 2009-12-31 vs. 12 months ending 2008-12-31). And for the final time interval, the Current Ratio increased from 1.67 to 2.59 (12 months ending 2010-12-31 vs. 12 months ending 2009-12-31). The stock has gained 17.9% over the last year.

7. Delta Natural Gas Co. Inc. (NASDAQ:DGAS): Distributes or transports natural gas in central and southeastern Kentucky. Market cap of $112.71M. The stock is currently trading at 1.07% below its 52-week high. Current Ratio increased from 1.32 to 1.39 during the first time interval (12 months ending 2009-06-30 vs. 12 months ending 2008-06-30). For the second time interval, the Current Ratio increased from 1.39 to 1.84 (12 months ending 2010-06-30 vs. 12 months ending 2009-06-30). And for the final time interval, the Current Ratio increased from 1.84 to 1.85 (12 months ending 2011-06-30 vs. 12 months ending 2010-06-30). The stock has gained 7.77% over the last year.

8. Lancaster Colony Corporation (NASDAQ:LANC): Engages in the manufacture and marketing of consumer products focusing primarily on specialty foods for the retail and foodservice markets in the United States. Market cap of $1.94B. The stock is currently trading at 1.12% below its 52-week high. Current Ratio increased from 2.63 to 2.99 during the first time interval (12 months ending 2009-06-30 vs. 12 months ending 2008-06-30). For the second time interval, the Current Ratio increased from 2.99 to 4.07 (12 months ending 2010-06-30 vs. 12 months ending 2009-06-30). And for the final time interval, the Current Ratio increased from 4.07 to 4.38 (12 months ending 2011-06-30 vs. 12 months ending 2010-06-30). The stock is a short squeeze candidate, with a short float at 13.75% (equivalent to 21.04 days of average volume). The stock has gained 27.59% over the last year.

9. OSI Systems, Inc. (NASDAQ:OSIS): Designs, manufactures, and sells specialized electronic systems and components for applications in homeland security, healthcare, defense, and aerospace markets worldwide. Market cap of $949.09M. The stock is currently trading at 1.28% below its 52-week high. Current Ratio increased from 2.21 to 2.38 during the first time interval (12 months ending 2009-06-30 vs. 12 months ending 2008-06-30). For the second time interval, the Current Ratio increased from 2.38 to 2.42 (12 months ending 2010-06-30 vs. 12 months ending 2009-06-30). And for the final time interval, the Current Ratio increased from 2.42 to 2.52 (12 months ending 2011-06-30 vs. 12 months ending 2010-06-30). The stock has had a couple of great days, gaining 7.14% over the last week.

10. United States Lime & Minerals, Inc. (NASDAQ:USLM): Engages in the manufacture and sale of lime and limestone products in the United States. Market cap of $373.64M. The stock is currently trading at 1.44% below its 52-week high. Current Ratio increased from 1.54 to 1.79 during the first time interval (12 months ending 2008-12-31 vs. 12 months ending 2007-12-31). For the second time interval, the Current Ratio increased from 1.79 to 2.52 (12 months ending 2009-12-31 vs. 12 months ending 2008-12-31). And for the final time interval, the Current Ratio increased from 2.52 to 3.94 (12 months ending 2010-12-31 vs. 12 months ending 2009-12-31). The stock has had a couple of great days, gaining 7.73% over the last week.

11. Perfumania Holdings, Inc. (NASDAQ:PERF): Operates as a wholesale distributor and specialty retailer of perfumes and fragrances in the United States and Puerto Rico. Market cap of $177.07M. The stock is currently trading at 1.50% below its 52-week high. Current Ratio increased from 0.98 to 1.57 during the first time interval (52 weeks ending 2009-01-31 vs. 52 weeks ending 2008-02-02). For the second time interval, the Current Ratio increased from 1.57 to 1.96 (52 weeks ending 2010-01-30 vs. 52 weeks ending 2009-01-31). And for the final time interval, the Current Ratio increased from 1.96 to 4.34 (52 weeks ending 2011-01-29 vs. 52 weeks ending 2010-01-30). This is a risky stock that is significantly more volatile than the overall market (beta = 3.43). The stock has had a couple of great days, gaining 9.73% over the last week.

12. Avista Corp. (NYSE:AVA): Engages in the generation, transmission, and distribution of energy and other energy-related businesses in the United States and Canada. Market cap of $1.49B. The stock is currently trading at 1.60% below its 52-week high. Current Ratio increased from 0.44 to 0.7 during the first time interval (12 months ending 2008-12-31 vs. 12 months ending 2007-12-31). For the second time interval, the Current Ratio increased from 0.7 to 0.83 (12 months ending 2009-12-31 vs. 12 months ending 2008-12-31). And for the final time interval, the Current Ratio increased from 0.83 to 1 (12 months ending 2010-12-31 vs. 12 months ending 2009-12-31). The stock has gained 18.14% over the last year.

13. Hibbett Sports, Inc. (NASDAQ:HIBB): Operate sporting goods stores in small to mid-sized markets primarily in the southeast, southwest, Mid-Atlantic, and the Midwest regions of the United States. Market cap of $1.22B. The stock is currently trading at 1.65% below its 52-week high. Current Ratio increased from 2.17 to 2.36 during the first time interval (52 weeks ending 2009-01-31 vs. 52 weeks ending 2008-02-02). For the second time interval, the Current Ratio increased from 2.36 to 2.76 (52 weeks ending 2010-01-30 vs. 52 weeks ending 2009-01-31). And for the final time interval, the Current Ratio increased from 2.76 to 2.86 (52 weeks ending 2011-01-29 vs. 52 weeks ending 2010-01-30). The stock is a short squeeze candidate, with a short float at 18.28% (equivalent to 13.26 days of average volume). The stock has gained 23.37% over the last year.

14. Entergy Corporation (NYSE:ETR): Operates as an integrated energy company in the United States. Market cap of $12.68B. The stock is currently trading at 1.68% below its 52-week high. Current Ratio increased from 1.22 to 1.37 during the first time interval (12 months ending 2008-12-31 vs. 12 months ending 2007-12-31). For the second time interval, the Current Ratio increased from 1.37 to 1.42 (12 months ending 2009-12-31 vs. 12 months ending 2008-12-31). And for the final time interval, the Current Ratio increased from 1.42 to 1.56 (12 months ending 2010-12-31 vs. 12 months ending 2009-12-31). The stock has gained 7.26% over the last year.

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 14 Stocks Trading Near Highs With Increasing Liquidity