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The company is well-positioned for growth due to the accelerated digitization taking place in the U.S. residential mortgage industry. ICE already has the largest mortgage network in the country, but the integration of Ellie Mae into ICE Mortgage Technology should help boost its mortgage business.
ICE has enough liquidity to handle short-term obligations as it has a current ratio of 1.0. The company is also highly profitable with a net margin of 32.3%. In the latest report quarter, revenues jumped 22.1% year over year leading to a Growth Grade of B in our POWR Ratings system.
