Published on 19 May 2024 on Simply Wall St. · via Yahoo Finance
Flotek Industries, Inc.'s (NYSE:FTK) Stock Is Going Strong: Have Financials A...
Most readers would already be aware that Flotek Industries' (NYSE:FTK) stock increased significantly by 43% 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 study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on Flotek Industries' ROE.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.