Mr Price Group Limited’s (JSE:MRP) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Mr Price Group’s (JSE:MRP) stock is up by a considerable 21% over the past 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. Specifically, we decided to study Mr Price Group’s ROE in this article.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
Our free stock report includes 1 warning sign investors should be aware of before investing in Mr Price…
