Value Investing Philosophy And Gates Industrial Corporation plc (NYSE: GTES)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

GTES belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. The current market capitalization of Gates Industrial Corporation plc is $4.63B. A total of 3.89 million shares were traded on the day, compared to an average of 3.55M shares.

In the most recent transaction, Blackstone Inc. sold 20,125,000 shares of GTES for 16.33 per share on May 21 ’24. After the transaction, the 10% Owner now owns 77,326 company shares. In a previous transaction on May 21 ’24, Omaha Aggregator (Cayman) L.P. sold 20,125,000 shares at 16.33 per share. GTES shares that 10% Owner owns now total 77,326.

Among the insiders who sold shares, BX GATES ML-1 HOLDCO LLC disposed of 20,125,000 shares on May 21 ’24 at a per-share price of $16.33. This resulted in the 10% Owner holding 77,326 shares of GTES after the transaction. In another insider transaction, Neely Wilson S bought 50,000 shares at $14.55 per share on Feb 28 ’24. Company shares held by the Director now total 106,664.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, GTES has a high of $17.99 and a low of $10.68.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. GTES’s latest balance sheet shows that the firm has $658.20M in Cash & Short Term Investments as of fiscal 2021. There were $2.68B in debt and $855.90M in liabilities at the time. Its Book Value Per Share was $12.17, while its Total Shareholder’s Equity was $3.48B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GTES is Buy with a score of 4.20.

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