Published on 22 Dec 2023 on Simply Wall St. via Yahoo Finance
Navigator Holdings Ltd. (NYSE:NVGS) On An Uptrend: Could Fundamentals Be Driving The Stock?
Navigator Holdings' (NYSE:NVGS) stock is up by 3.8% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. Particularly, we will be paying attention to Navigator Holdings' ROE today.
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
View our latest analysis for Navigator Holdings