In terms of market performance, Gates Industrial Corporation plc had a fairly even. The highest value for the stock in the past year was $17.85 on 04/01/24, and the lowest value was recorded at $10.68 on 10/27/23.
52-week price history of GTES Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Gates Industrial Corporation plc’s current trading price is -1.43% away from its 52-week high, while its distance from the 52-week low is 64.79%. The stock’s price range during this period has spanned from $10.68 to $17.85. In the Industrials sector, the Gates Industrial Corporation plc’s shares surpassed a trading volume of approximately 4.16 million for the day, which was noticeably higher compared to the average daily volume of 9.3.03 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Gates Industrial Corporation plc (GTES) has experienced a quarterly rise of 31.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.65B and boasts a workforce of 14700 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 13.78, with a change in price of +6.26. Similarly, Gates Industrial Corporation plc recorded 2,614,837 in trading volume during the last 100 days, posting a change of +55.20%.
Examining GTES’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for GTES stands at 0.80. Similarly, the long-term debt-to-equity ratio is also 0.78.
GTES Stock Stochastic Average
Today’s raw stochastic average for Gates Industrial Corporation plc over the last 50 days is 95.32%.This indicates a increase from the raw stochastic average of the past 20 days, which was 91.73%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 92.73% and 94.61%, respectively.
GTES Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price gain of 31.15% this year. Over the last six months, there has been a weaker performance of 53.44%. The price of GTES fallen by 18.36% during the last 30 days period. For the last 5-days stocks have improved 0.51%.
