The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Gates Industrial Corporation plc’s current trading price is -22.77% away from its 52-week high, while its distance from the 52-week low is 22.66%. The stock’s price range for this period has been between $9.40 and $14.93 The company’s shares, which are part of the Industrials sector, had a trading volume of approximately 24.92 million for the day, a number notably higher than the average daily volume of 0.99 million over the last three months.
The stock of Gates Industrial Corporation plc (GTES) is currently priced at $11.53. In the last session, the stock climbed significantly, topping out at $11.81 after opening at $11.81. The day’s lowest price was $11.285 before the stock closed at $11.84.
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In terms of market performance, Gates Industrial Corporation plc had a fairly uneven. The highest value for the stock in the past year was $14.93 on 05/04/23, and the lowest value was recorded at $9.40 on 10/13/22.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Gates Industrial Corporation plc (GTES) has experienced a quarterly decline of -17.82% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.28B and boasts a workforce of 15000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 13.25, with a change in price of +0.49. Similarly, Gates Industrial Corporation plc recorded 1,133,542 in trading volume during the last 100 days, posting a change of +4.44%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for GTES stands at 0.76. Similarly, the long-term debt-to-equity ratio is also 0.75.
GTES Stock Stochastic Average
As of today, Gates Industrial Corporation plc’s raw stochastic average for the last 50 days stands at 6.72%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 6.72%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 8.37% and 7.32%, respectively.
GTES Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The metric has seen a significant gain of 1.05% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -0.17%. Over the past 30 days, the price of GTES has leaped by -13.31%. And in the last five days, it has fallen by -13.57%.