Shares of Gerdau S.A. (NYSE:GGB – Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $2.75 and last traded at $2.76, with a volume of 1847659 shares. The stock had previously closed at $2.84.
Gerdau Price Performance
The company has a quick ratio of 1.53, a current ratio of 2.98 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average price is $3.23 and its two-hundred day moving average price is $3.26. The stock has a market capitalization of $5.68 billion, a PE ratio of 5.96 and a beta of 1.73.
Gerdau Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, November 21st were paid a $0.0528 dividend. This is an increase from Gerdau’s previous quarterly dividend of $0.00. This represents a $0.21 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date was Thursday, November 21st. Gerdau’s dividend payout ratio (DPR) is 39.13%.
Hedge Funds Weigh In On Gerdau
About Gerdau
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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