Stocks of Gerdau S.A. ADR (NYSE:GGB) traded higher last session on Wall Street, up 2.82% to $2.92.
GGB stock price is now -0.61% away from the 50-day moving average and -7.93% away from the 200-day moving average. The market capitalization of the company currently stands at $3.79B.
On May 24, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $4.50 to quote $5, while ‘JP Morgan’ rates the stock as ‘Overweight’
A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, Gerdau S.A. ADR has had a low of $2.67 and a high of $4.04. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 3.01, and a quick ratio of 1.49. According to the stock market information, the enterprise value for the company is $12825914368, which is based on a 7.63 price-to-earnings ratio, a 1.16 price-to-earnings-growth ratio, and a beta of 1.36. The fifty day moving average price for GGB is $2.938 and a two-hundred day moving average price translates $3.17145 for the stock.
The latest earnings results from Gerdau S.A. ADR (NYSE: GGB) was released for 2024-12-31. The net profit margin was 7.01% and return on equity was 8.98% for GGB. The company reported revenue of $2.84 billion for the quarter, compared to $2.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.02 percent.
