Taking On Challenges And Growing? – Gates Industrial Corporation plc (GTES)

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. The current market capitalization of Gates Industrial Corporation plc is $5.16B. A total of 2.24 million shares were traded on the day, compared to an average of 3.43M shares.

In the most recent transaction, Neely Wilson S bought 11,952 shares of GTES for 16.80 per share on Aug 21 ’24. After the transaction, the Director now owns 6,000 company shares. In a previous transaction on Aug 21 ’24, Blackstone Inc. sold 30,539,203 shares at 16.58 per share. GTES shares that 10% Owner owns now total 31,805.

Among the insiders who sold shares, Omaha Aggregator (Cayman) L.P. disposed of 30,539,203 shares on Aug 21 ’24 at a per-share price of $16.58. This resulted in the 10% Owner holding 31,805 shares of GTES after the transaction. In another insider transaction, BX GATES ML-1 HOLDCO LLC sold 30,539,203 shares at $16.58 per share on Aug 21 ’24. Company shares held by the 10% Owner now total 31,805.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, GTES has a high of $19.07 and a low of $10.68.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $12.14, while its Total Shareholder’s Equity was $3.48B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 4.18.

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