Published on 29 Jan 2024 on Simply Wall St. via Yahoo Finance
Is ScanSource, Inc.'s (NASDAQ:SCSC) Recent Stock Performance Influenced By Its Fundamentals In Any...
ScanSource's (NASDAQ:SCSC) stock is up by a considerable 27% over the past three months. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Specifically, we decided to study ScanSource'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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
Check out our latest analysis for ScanSource