Published on 23 Apr 2021 on Simply Wall St. via Yahoo Finance
Are Robust Financials Driving The Recent Rally In Electrocomponents plc's (LON:ECM) Stock?
Electrocomponents' (LON:ECM) stock is up by a considerable 23% over the past three months. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Electrocomponents' ROE.
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.
See our latest analysis for Electrocomponents