Published on 23 May 2024 on Simply Wall St. via Yahoo Finance
Donegal Group Inc. (NASDAQ:DGIC.A) Stock's On A Decline: Are Poor Fundamentals The Cause?
With its stock down 4.6% over the past three months, it is easy to disregard Donegal Group (NASDAQ:DGIC.A). Given that stock prices are usually driven by a company’s fundamentals over the long term, which in this case look pretty weak, we decided to study the company's key financial indicators. Particularly, we will be paying attention to Donegal Group's ROE today.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Put another way, it reveals the company's success at turning shareholder investments into profits.