Published on 20 May 2024 on Simply Wall St. via Yahoo Finance
Loma Negra Compañía Industrial Argentina Sociedad Anónima's (NYSE:LOMA) Stock On An Uptrend: Could...
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) has had a great run on the share market with its stock up by a significant 16% over the last three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Loma Negra Compañía Industrial Argentina Sociedad Anónima's ROE in this article.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.