Published on 24 May 2024 on Simply Wall St. via Yahoo Finance
Westinghouse Air Brake Technologies Corporation's (NYSE:WAB) Stock On An Uptrend: Could Fundamentals...
Westinghouse Air Brake Technologies (NYSE:WAB) has had a great run on the share market with its stock up by a significant 23% over the last three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Westinghouse Air Brake Technologies' ROE today.
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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.