Published on 20 May 2024 on Simply Wall St. · via Yahoo Finance
Merit Medical Systems, Inc.'s (NASDAQ:MMSI) Stock On An Uptrend: Could...
Merit Medical Systems (NASDAQ:MMSI) has had a great run on the share market with its stock up by a significant 12% over the last month. 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. Particularly, we will be paying attention to Merit Medical Systems' 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.