Gates Industrial Corporation plc (NYSE:GTES) traded today at a new 52-week high of $18.22. This new high was reached on below average trading volume as 181,000 shares traded hands, while the average 30-day volume is approximately 371,000 shares.
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.
Gates Industrial Corporation plc (NYSE:GTES) defies analysts with a current price ($17.66) 7.4% above its average consensus price target of $16.35.
In the past 52 weeks, Gates Industrial Corporation plc share prices are bracketed by a low of $5.42 and a high of $18.22 and is now at $17.66, 226% above that low price.
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