Is Protean eGov Technologies Limited’s (NSE:PROTEAN) Stock Price Struggling As A Result Of Its Mixed Financials?
Protean eGov Technologies (NSE:PROTEAN) has had a rough three months with its share price down 30%. It seems that the market might have completely ignored the positive aspects of the company’s fundamentals and decided to weigh-in more on the negative aspects. Stock prices are usually driven by a company’s financial performance over the long term, and therefore we decided to pay more attention to the company’s financial performance. Particularly, we will be paying attention to Protean eGov Technologies’ ROE today.
Return on equity or ROE is a key measure used to assess how efficiently a company’s management is utilizing the company’s capital. In other words, it is a profitability ratio which measures the rate of return on…
