Are Things Looking Up For Gates Industrial Corporation plc (NYSE: GTES)?

After Hours

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.

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Stocks Info

The company is listed on the NYSE and operates within the Specialty Industrial Machinery industry segment. The current market capitalization of Gates Industrial Corporation plc is $5.04B. A total of 3.08 million shares were traded on the day, compared to an average of 2.83M 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, GTES has a high of $20.01 and a low of $10.94.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $12.21, while its Total Shareholder’s Equity was $3.48B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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