Gates Industrial Corporation plc (NYSE:GTES) shares fell to a low of $17.18 before closing at $17.33. Intraday shares traded counted 0.8 million, which was 16.0% higher than its 30-day average trading volume of 947.70K. GTES’s previous close was $17.42 while the outstanding shares total 291.17M. The firm has a beta of 1.83, a 12-month trailing P/E ratio of 45.85, and a growth ratio of 1.62. The stock’s Relative Strength Index (RSI) is 52.21, with weekly volatility at 2.58% and ATR at 0.48. The GTES stock’s 52-week price range has touched low of $9.01 and a $18.35 high. The stock traded lower over the last trading session, losing -0.52% on 05/18/21.
Investors have identified the Specialty Industrial Machinery company Gates Industrial Corporation plc as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.93 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Gates Industrial Corporation plc (GTES) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For GTES, the company has in raw cash 447.4 million on their books with 30.3 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 2.0 billion total, with 756.6 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.40 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on GTES sounds very interesting.
Is the stock of GTES attractive?
In related news, 10% Owner, Omaha Aggregator (Cayman) L.P. sold 25,300,000 shares of the company’s stock in a transaction that recorded on Mar 02. The sale was performed at an average price of 14.40, for a total value of 364,320,000. As the sale deal closes, the 10% Owner, Blackstone Group Inc now sold 25,300,000 shares of the company’s stock, valued at 364,320,000. Also, 10% Owner, Blackstone Group Inc bought 13,000 shares of the company’s stock in a deal that was recorded on May 22. The shares were price at an average price of 9.56 per share, with a total market value of 124,280. Following this completion of acquisition, the 10% Owner, Omaha Aggregator (Cayman) L.P. now holds 13,000 shares of the company’s stock, valued at 124,280. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
7 out of 9 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Gates Industrial Corporation plc. 0 analysts has assigned a Sell rating on the GTES stock. The 12-month mean consensus price target for the company’s shares has been set at $20.13.