Gates Industrial: Growing Margins Paving Way To A Higher Stock Price

Olivier Le Moal/iStock via Getty Images Intro We initially upgraded Gates Industrial Corporation plc (NYSE:GTES) to a 'Buy' rating in May of last year where we have seen shares return just under 18% over the elapsed timeframe. Due to improving profitability trends, we reiterated our 'Buy' rating in March of this year. However, the performance of shares of Gates Industrial Corporation plc has been poor over the past 5+ months (negative 8% return) which means the stock has continued to underperform the S&P fo ...