Gerdau S.A. (GGB) : During the past 4 weeks, traders have been relatively bearish on Gerdau S.A. (GGB), hence the stock is down -17.11% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.1% relative to the S&P 500. The 4-week change in the price of the stock is -18.79% and the stock has fallen -7.61% in the past 1 week.
The stock has recorded a 20-day Moving Average of 10.15% and the 50-Day Moving Average is 0.54%.The 200 Day SMA reached 46.8% Gerdau S.A. is up 48.76% in the last 3-month period. Year-to-Date the stock performance stands at 113.22%.
Gerdau S.A. (GGB) : The consensus price target for Gerdau S.A. (GGB) is $4.5 for the short term with a standard deviation of $2.12. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $3.
Company shares have received an average consensus rating of Hold for the current week Gerdau S.A. (NYSE:GGB): stock was range-bound between the intraday low of $2.47 and the intraday high of $2.57 after having opened at $2.54 on Fridays session. The stock finally closed in the red at $2.54, a loss of -2.67%. The stock remained in the red for the whole trading day. The total traded volume was 13,635,251 shares. The stock failed to cross $2.57 in Fridays trading. The stocks closing price on Thursday was $2.55.
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.