Gerdau S.A. (GGB) has seen some recent action in the marketplace and its common shares finished trading at $2.2900 yesterday. People are starting to take interest of GGB as the common shares traded as high as $2.3150 and as low as $2.1950 in the previous trading session.

Gerdau S.A. (GGB) average trading volume is 11.43M. However, in the previous trading session Gerdau S.A. (GGB) traded 25,185,126 shares. The first support level on GGB is $2.17 and the first resistance level on GGB is $5.29. GGB 50 day moving average is $2.0653 and GGB 200day moving average is $3.6056.

Gerdau S.A. (GGB) recent performance has been specified by the recent movement in GGB common shares. GGB has performed 7.01% over the past 4 weeks, GGB has performed -51.38% over the past 90 days and GGB has shown -35.67% over the past 1 year. Gerdau S.A. (GGB) has a 12 month range of $1.6500 to $5.3400. Gerdau S.A. (GGB) is trading 38.79% from its 12 month low and -57.14% from its 12 month high. Gerdau S.A. (GGB) is displaying a 4.60% short float displaying the amount short in the float.

GGB has 1.53B shares outstanding and 1.09B shares in the float. Gerdau S.A. (GGB) at this time has a market cap of $3.50B and income of $166.60M. The EPS next quarter for GGB is -0.03. The market cap of Gerdau S.A. (GGB) at $3.50B signifies how many People own shares of GGB and is calculated off the last price ($2.2900) of GGB and the amount of shares outstanding (1.53B) with Gerdau S.A. (GGB).

GGB is trading 6.76% above (bullish) its SMA20, -2.69% below (bearish) its SMA50 and -34.09% below (bearish) its SMA200.

Recent News:

In recent news, on May 6, 2020, it was announced, Gerdau S.A. – Consolidated Information. In this news it stated, SÃO PAULO,1Q20 Highlights

About Gerdau S.A. (GGB):

GERDAU S. A. throughout its 101 years of activities, they are largest long steel producer in Latin America, and have made an important contribution in building the history of the Brazilian industry.