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Relatively Low Return on Equity Detected in Shares of Fitbit Inc - A in the Electronic Equipment & Instruments Industry (FIT, ITRI, OSIS, MLAB, FARO)

By Amy Schwartz

Below are the three companies in the Electronic Equipment & Instruments industry with the lowest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.

Fitbit Inc - A ranks lowest with a ROE of -3,449.3%. Following is Itron Inc with a ROE of -1,522.1%. Osi Systems Inc ranks third lowest with a ROE of -630.7%.

Mesa Labs follows with a ROE of -379.8%, and Faro Tech rounds out the bottom five with a ROE of -353.7%.

SmarTrend recommended that subscribers consider buying shares of Faro Tech on February 12th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $44.93. Since that recommendation, shares of Faro Tech have risen 6.5%. We continue to monitor Faro Tech for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: lowest return on equity fitbit inc - a itron inc osi systems inc mesa labs faro tech