Published on 20 Apr 2024 on Simply Wall St. via Yahoo Finance
Steel Connect, Inc.'s (NASDAQ:STCN) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Steel Connect's (NASDAQ:STCN) stock is up by a considerable 13% over the past month. As most would know, fundamentals are what usually guide market price movements over the long-term, 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. Particularly, we will be paying attention to Steel Connect's ROE today.
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.