Published on 27 Aug 2023 on Simply Wall St. via Yahoo Finance
Do Fundamentals Have Any Role To Play In Driving Coats Group plc's (LON:COA) Stock Up Recently?
Coats Group's (LON:COA) stock is up by 5.9% 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. In this article, we decided to focus on Coats Group's ROE.
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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
See our latest analysis for Coats Group