Gates: Positive Signal: Fredrik Eliasson Shows Faith, Buying $1.17M In Gates Industrial Corp Stock

On March 11, Fredrik Eliasson, Director at Gates Industrial Corp (NYSE:GTES) executed a significant insider buy, as disclosed in the latest SEC filing.What Happened: In a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, it was disclosed that Eliasson bought 60,000 shares of Gates Industrial Corp, amounting to a total of $1,173,600.The latest market snapshot at Wednesday morning reveals Gates Industrial Corp shares up by 0.36%, trading at $19.56.Discovering Gates Industrial Corp: A Closer LookGates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. It is used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment. Company operates in USA, United Kingdom, Luxembourg, EMEA, with majority revenue from USA.Unraveling the Financial Story of Gates Industrial CorpRevenue Growth: Gates Industrial Corp's revenue growth over a period of 3 months has faced ...Full story available on Benzinga.com