Published on 19 Jun 2024 on Simply Wall St. · via Yahoo Finance
Is Ramsay Health Care Limited's (ASX:RHC) Stock On A Downtrend As A Result Of...
With its stock down 11% over the past three months, it is easy to disregard Ramsay Health Care (ASX:RHC). To decide if this trend could continue, we decided to look at its weak fundamentals as they shape the long-term market trends. In this article, we decided to focus on Ramsay Health Care's 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.