Gates Industrial Corporation Ltd. GTES
NYSE · United States · Producer Manufacturing
$26.20-0.44 (-1.65%)
Market closed· · USD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · USD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Total return, dividends included.
The Timken Company (NYSE: TKR; www.timken.com), a leader in advanced motion technology, today announced the completion of the sale of its belts business assets to Gates Industrial Corporation Ltd. (NYSE: GTES). Financial terms of the transaction were not disclosed.
Gates Industrial Corporation Ltd. (NYSE: GTES), a leading global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced it has completed the acquisition of the belts business of The Timken Company, including select manufacturing assets.
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Gates Industrial (GTES) has drawn fresh attention after recent trading left the shares around $26.15, with returns mixed over the past month and over the past three months, raising questions about how its valuation stacks up today. Recent trading has tilted in Gates Industrial’s favor, with a 1-day share price return of 2.75% and year-to-date share price gains of 18.54% pointing to building momentum. At the same time, the 1-year and 3-year total shareholder returns of 2.99% and 126.02% keep...
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