Gates Industrial Corporation plc (NYSE:GTES) traded at a new 52-week high today of $15.46. So far today approximately 69,000 shares have been exchanged, as compared to an average 30-day volume of 222,000 shares.
In the past 52 weeks, shares of Gates Industrial Corporation plc have traded between a low of $5.42 and a high of $15.46 and is now at $15.46, which is 185% above that low price.
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.
There is potential upside of 796.0% for shares of Gates Industrial Corporation plc based on a current price of $15.46 and an average consensus analyst price target of $138.53.
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