Shares of Gerdau S.A. (NYSE:GGB - Get Free Report) saw an uptick in trading volume on Friday . 23,852,043 shares were traded during trading, an increase of 179% from the previous session's volume of 8,536,406 shares.The stock last traded at $3.29 and had previously closed at $3.40.
Gerdau Price Performance
The company has a fifty day simple moving average of $3.34 and a 200 day simple moving average of $3.30. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 7.09 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.98.
Gerdau Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Thursday, November 21st will be paid a $0.0528 dividend. This is a positive change from Gerdau's previous quarterly dividend of $0.00. This represents a $0.21 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date is Thursday, November 21st. Gerdau's payout ratio is currently 43.48%.
Institutional Trading of Gerdau
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Gerdau by 132.8% in the 3rd quarter. Blue Trust Inc. now owns 8,681 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 4,952 shares during the last quarter. Rehmann Capital Advisory Group acquired a new position in Gerdau in the third quarter valued at $37,000. Insight 2811 Inc. bought a new stake in Gerdau during the second quarter valued at $36,000. HighTower Advisors LLC acquired a new stake in Gerdau during the 3rd quarter worth about $38,000. Finally, Wedbush Securities Inc. bought a new position in shares of Gerdau in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 1.49% of the company's stock.
Gerdau Company Profile
(
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Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.
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