Published on 22 Apr 2024 on Simply Wall St. via Yahoo Finance
Clearfield, Inc.'s (NASDAQ:CLFD) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Clearfield (NASDAQ:CLFD) has had a great run on the share market with its stock up by a significant 13% over the last three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Clearfield's ROE.
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.