It’s Not Over Yet 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

Gates Industrial Corporation plc is listed on the NYSE as a member of the Industrials sector and is a part of the Specialty Industrial Machinery industry. The current market capitalization of Gates Industrial Corporation plc is $3.98B. A total of 2.18 million shares were traded on the day, compared to an average of 2.60M 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $12.17, while its Total Shareholder’s Equity was $3.48B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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