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JP Morgan downgraded Gerdau S.A. (NYSE:GGB) from Overweight to Neutral in a report released today.

Yesterday Gerdau S.A. (NYSE:GGB) traded 0.63% higher at $3.01. The company’s 50-day moving average is $2.77 and its 200-day moving average is $2.19. The last stock close price is up 36.94% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,115,714 shares of the stock were exchanged, down from an average trading volume of 10,512,500

JP Morgan has downgraded Gerdau S.A. (NYSE:GGB) from Overweight to Neutral in a report released on 10/10/2016.

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Gerdau S.A. (NYSE:GGB)

Gerdau S.A. has a 52 week low of $0.79 and a 52 week high of $3.19 The company’s market cap is currently $0.

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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