The market performance of Gates Industrial Corporation plc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $20.01 on 11/05/24, while the lowest value for the same duration was $11.11 on 11/07/23.
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 0.55% away from its 52-week high, while its distance from the 52-week low is 81.15%. The stock’s price range during this period has spanned from $11.11 to $20.01. In the Industrials sector, the Gates Industrial Corporation plc’s shares surpassed a trading volume of approximately 1.27 million for the day, which was noticeably lower compared to the average daily volume of 9.2.82 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Gates Industrial Corporation plc (GTES) has experienced a quarterly rise of 24.85% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.13B 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 17.24, with a change in price of +3.51. Similarly, Gates Industrial Corporation plc recorded 3,300,130 in trading volume during the last 100 days, posting a change of +21.25%.
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 0.79.
GTES Stock Stochastic Average
Today’s raw stochastic average for Gates Industrial Corporation plc over the last 50 days is 98.45%.This indicates a increase from the raw stochastic average of the past 20 days, which was 97.86%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 89.29% and 83.53%, respectively.
GTES Stock Price Performance Analysis
The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. The metric has seen a significant gain of 49.97% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 22.27%. Over the past 30 days, the price of GTES has fallen by 15.20%. And in the last five days, it has surged by 10.22%.
