Can Cape Industries Ltd.’s (KOSDAQ:064820) Weak Financials Pull The Plug On The Stock’s Current Momentum On Its Share Price?
Cape Industries’ (KOSDAQ:064820) stock is up by a considerable 10% over the past week. However, in this article, we decided to focus on its weak fundamentals, as long-term financial performance of a business is what ultimately dictates market outcomes. Specifically, we decided to study Cape Industries’ ROE in this article.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
How Is ROE Calculated?
The formula for ROE is:
Return on Equity = Net…
