Published on 31 May 2024 on Simply Wall St. via Yahoo Finance
Ball Corporation (NYSE:BALL) On An Uptrend: Could Fundamentals Be Driving The Stock?
Ball's (NYSE:BALL) stock up by 6.8% over the past three months. As most would know, long-term fundamentals have a strong correlation with market price movements, 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 Ball's ROE in this article.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.