Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Gates Industrial Corporation plc’s current trading price is -1.21% away from its 52-week high, while its distance from the 52-week low is 89.66%. The stock’s price range over this period has fluctuated between $11.22 and $21.54. The company, operating within the financial sector, had a trading volume of approximately 3.77 million for the day, which was noticeably higher than the average daily share volume of 2.88 million over the last 3 months.
Gates Industrial Corporation plc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $21.54 on 11/07/24, while the lowest price for the same period was registered at $11.22 on 12/08/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Gates Industrial Corporation plc (GTES) has experienced a quarterly rise of 20.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.42B and boasts a workforce of 14700 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 17.75, with a change in price of +5.47. Similarly, Gates Industrial Corporation plc recorded 3,355,488 in trading volume during the last 100 days, posting a change of +34.60%.
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 0.80. Similarly, the long-term debt-to-equity ratio is also 0.79.
GTES Stock Stochastic Average
Today, Gates Industrial Corporation plc’s raw stochastic average for the past 50 days stands at 95.36%, indicating a rise from the raw stochastic average of the last 20 days, which was 92.44%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 85.56% and 80.77% respectively.
GTES Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant gain of 58.57% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 19.28%. Over the past 30 days, the price of GTES has fallen by 14.66%. And in the last five days, it has surged by 1.87%.
