Published on 23 May 2024 on Simply Wall St. via Yahoo Finance
Spire Healthcare Group plc (LON:SPI) On An Uptrend: Could Fundamentals Be Driving The Stock?
Spire Healthcare Group's (LON:SPI) stock up by 5.8% over the past three months. As most would know, long-term fundamentals have a strong correlation with market price movements, 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. Specifically, we decided to study Spire Healthcare Group's ROE in this article.
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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.