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Is Gates Industrial Corporation plc's (NYSE:GTES) Recent Price Movement Underpinned By Its Weak Fundamentals?

By Yahoo! Finance   |   Jul 1, 2024 at 07:24 AM EST
Is Gates Industrial Corporation plc's (NYSE:GTES) Recent Price Movement Underpinned By Its Weak Fundamentals?

Despite Gates Industrial's recent share price decline, its Return on Equity (ROE) of 7.8% is lower than the industry average of 14%. The company's low ROE and declining earnings suggest poor reinvestment of profits.

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