Gerdau S.A. (GGB) Shares are Down -11.78%

Gerdau S.A. (GGB) has risen sharply, recording gains of 17.37% in the past 4 weeks. However, the stock has corrected -11.78% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 17.62% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.42% and the fifty day Moving Average is 23.4%. Gerdau S.A. is up 75.91% in the last three month period. Year-to-Date the stock performance stands at 131.62%.

Gerdau S.A. (GGB) : Average target price received by Gerdau S.A. (GGB) is $4.13 with an expected standard deviation of $2.65. The most aggressive target on the stock is $6, whereas the most downbeat target is $2. 2 financial analysts are currently covering the stock.


Gerdau S.A. (NYSE:GGB): On Fridays trading session , Opening price of the stock was $2.84 with an intraday high of $2.93. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.74. However, the stock managed to close at $2.77, a loss of 0.72% for the day. On the previous day, the stock had closed at $2.79. The total traded volume of the day was 6,473,440 shares.

Gerdau S.A. (Gerdau) is a producer of long rolled steel. The Company operates in five segments: Brazil (Brazil Business Operation), which includes the steel operations in Brazil (except special steel) and the metallurgical and coking coal operation in Colombia; North America (North America Business Operation), which includes all North American operations, except Mexico and special steel; Latin America (Latin America Business Operation), which includes all Latin American operations, except the operations in Brazil and the metallurgical and coking coal operations in Colombia; Special Steel (Special Steel Business Operation), which includes the special steel operations in Brazil, Spain, the United States and India, and Iron Ore (Iron Ore Business Operation), which includes the iron ore operations in Brazil. The Companys mills are located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela.

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