Gerdau S.A. (NYSE:GGB) traded at a new 52-week high today of $6.53. Approximately 6.2 million shares have changed hands today, as compared to an average 30-day volume of 21.2 million shares.
Over the past year, Gerdau S.A. has traded in a range of $1.83 to $6.53 and is now at $6.34, 246% above that low.
Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company's geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations. It derives a majority of revenue from the Brazil Operations segment.
There is potential upside of 0.1% for shares of Gerdau S.A. based on a current price of $6.34 and an average consensus analyst price target of $6.35.
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