Investing.com - Gates Industrial Corp reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations. Gates Industrial Corp...
On Friday, shares of Gates Industrial Corporation plc (NYSE: GTES) experienced volatile short activity. After the activity, the stock price went down -4.18% to $11.23. The overall...
Gates Industrial Corporation plc is a manufacturer of power transmission and fluid power solutions. The Company operates its business on a product-line basis through its two reporting segments: power transmission and fluid power. Its power transmission segment includes elastomer drive belts and related components used to transfer motion in a range of applications. Its fluid power segment includes hoses, tubing and fittings designed to convey hydraulic fluid at high pressures in both mobile and stationary applications, and other high-pressure and fluid transfer hoses used to convey various fluids. The Company sells its products under its Gates brand name. It offers a portfolio of products to diverse replacement channel customers, and to original equipment (first-fit) manufacturers as specified components. Its products are used in applications across various end markets including construction, agriculture, energy, automotive, transportation, general industrial, and consumer products.
|Average||13.40 (-1.69% Downside)|
|No. of Analysts||10|