Gerdau S.A. (NYSE:GGB) has been downgraded from Overweight to Neutral in a statement by JPMorgan earlier today.
- Updated: October 10, 2016
Having a price of $2.98, Gerdau S.A. (NYSE:GGB) traded 0.63% higher on the day. With the last close up 36.94% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Gerdau S.A. has recorded a 50-day average of $2.77 and a two hundred day average of $2.19. Volume of trade was down over the average, with 4,115,714 shares of GGB changing hands under the typical 10,512,500
JPMorgan has downgraded Gerdau S.A. (NYSE:GGB) from Overweight to Neutral in a statement released on 10/10/2016.
With a total market value of $0, Gerdau S.A. has with a one year low of $0.79 and a one year high of $3.19 .
More About Gerdau S.A. (NYSE:GGB)
Gerdau S.A. (Gerdau) is a manufacturer of long steel in the North and South America. The Company is engaged in the production and commercialization of steel products in general, through its mills located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela. Its segments are Brazil Operations, which includes operations of steel and iron ore in Brazil, except Special Steels, and the operation of metallurgical coal and coke in Colombia; North America Operations, which includes all operations in North America, except those of Mexico and Special Steels; South America Operations, which includes all operations in South America, except Brazil and the operation of metallurgical coal and coke in Colombia, and Special Steel Operations, including special steel operations in Brazil, Spain, the United States and India.
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