GTES - Gates Industrial Corp Insider Trades SendAa Signal | Benzinga
A new SEC filing reveals that Wilson Neely, Board Member at Gates Industrial Corp (NYSE:GTES), made a notable insider purchase on February 22,.
What Happened: Neely demonstrated confidence in Gates Industrial Corp by purchasing 10,000 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the transaction is $132,400.
The latest update on Friday morning shows Gates Industrial Corp shares up by 1.46%, trading at $14.55.
Delving into Gates Industrial Corp's Background
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. It is used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.
Gates Industrial Corp's Financial Performance
Decline in Revenue: Over the 3 months period, Gates Industrial Corp faced ...