Gates Industrial Announces Chief Accounting Officer Resignation
TipRanks (Thu, 28-Mar 9:32 AM ET)
Reminder: Gates Industrial to Host Capital Markets Day on March 11, 2024
PRNewswire (Mon, 11-Mar 9:00 AM ET)
Gates Offers Advanced Solutions for Data Center Cooling
PRNewswire (Wed, 6-Mar 9:05 AM ET)
GATES INTRODUCES CLEAN MASTER PLUS PRESSURE WASH HOSE
PRNewswire (Tue, 20-Feb 8:05 AM ET)
Gates Industrial to Participate in Upcoming Investor Conferences
PRNewswire (Wed, 14-Feb 4:30 PM ET)
GATES NAMED TO NEWSWEEK'S AMERICA'S GREATEST WORKPLACES 2024 FOR DIVERSITY
PRNewswire (Tue, 13-Feb 10:15 AM ET)
Gates Announces Pricing of Secondary Offering of 17,500,000 Ordinary Shares
PRNewswire (Tue, 13-Feb 9:05 AM ET)
Gates Announces Secondary Offering of 17,500,000 Ordinary Shares
PRNewswire (Mon, 12-Feb 4:15 PM ET)
Gates Industrial Reports Fourth-Quarter and Full Year 2023 Results
PRNewswire (Thu, 8-Feb 7:30 AM ET)
Gates Industrial Announces Time Change for Fourth-Quarter 2023 Conference Call
PRNewswire (Thu, 25-Jan 5:06 PM ET)
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. It is used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.
Gates Industrial PLC trades on the NYSE stock market under the symbol GTES.
As of March 28, 2024, GTES stock price declined to $17.73 with 258,158 million shares trading.
GTES has a beta of 1.19, meaning it tends to be more sensitive to market movements. GTES has a correlation of 0.18 to the broad based SPY ETF.
GTES has a market cap of $4.61 billion. This is considered a Mid Cap stock.
Last quarter Gates Industrial PLC reported $863 million in Revenue and $.39 earnings per share. This beat revenue expectation by $410,000 and exceeded earnings estimates by $.11.
In the last 3 years, GTES stock traded as high as $18.94 and as low as $9.40.
The top ETF exchange traded funds that GTES belongs to (by Net Assets): VTI, COWZ, VB, VBR, VXF.
GTES stock has underperformed the market in the last year with a return of +32.2%, while SPY returned +33.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GTES shares. However, GTES has outperformed the market in the last 3 month and 2 week periods, returning +31.4% and +2.2%, while SPY returned +10.2% and +1.7%, respectively. This indicates GTES has been having a stronger performance recently.
GTES support price is $17.39 and resistance is $18.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GTES stock will trade within this expected range on the day.