Published on 12 Mar 2023 on Simply Wall St. via Yahoo Finance
Altra Industrial Motion Corp. (NASDAQ:AIMC) Is Up But Financials Look Inconsistent: Which Way Is The...
Altra Industrial Motion's (NASDAQ:AIMC) stock up by 3.5% over the past three months. However, the company's financials look a bit inconsistent and market outcomes are ultimately driven by long-term fundamentals, meaning that the stock could head in either direction. Specifically, we decided to study Altra Industrial Motion's ROE in this article.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.