Published on 10 May 2024 on Simply Wall St. via Yahoo Finance
Franklin Electric Co., Inc.'s (NASDAQ:FELE) Stock Has Fared Decently: Is the Market Following Strong...
Franklin Electric's (NASDAQ:FELE) stock is up by 3.4% over the past week. Since the market usually pay for a company’s long-term financial health, we decided to study the company’s fundamentals to see if they could be influencing the market. Specifically, we decided to study Franklin Electric's ROE in this article.
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.