GTES - Shares of Gates Industrial Corporation plc (GTES) Rise Above Previous 52-Week High
Shares of Gates Industrial Corporation plc (NYSE:GTES) traded today at $18.84, eclipsing its 52-week high. So far today approximately 181,000 shares have been exchanged, as compared to an average 30-day volume of 572,000 shares.
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. It offers a portfolio of products to diverse replacement channel customers, and to original equipment manufacturers. The company operates through Power Transmission and Fluid Power segments. The Power Transmission segment includes elastomer drive belts and related components used to efficiently transfer motion in a broad range of applications. The Fluid power segment includes hoses, tubing, and fittings designed to convey hydraulic fluid at high pressures in both mobile and stationary applications. The company markets its products under Gates brand and caters to various industries such as construction, agriculture, energy, automotive, transportation, consumer products and others.
Based on a current price of $18.80, Gates Industrial Corporation plc is currently 32.1% above its average consensus analyst price target of $12.77.
In the past 52 weeks, Gates Industrial Corporation plc share prices are bracketed by a low of $9.60 and a high of $18.84 and is now at $18.80, 96% above that low price.
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