Should You Buy Gerdau SA ADR (GGB) Stock Wednesday Morning?

Wednesday, January 12, 2022 08:24 AM | InvestorsObserver Analysts

Gerdau SA ADR (GGB) is up Wednesday morning, with the stock increasing 1.78% in pre-market trading to 5.14. GGB's short-term technical score of 27 indicates that the stock has traded less bullishly over the last month than 73% of stocks on the market. In the Steel industry, which ranks 54 out of 146 industries, the stock ranks higher than 14% of stocks. Gerdau SA ADR has fallen 3.26% over the past month, closing at $5.09 on December 15. During this period of time, the stock fell as low as $4.72 and as high as $5.22. GGB has an average analyst recommendation of Buy. The company has an average price target of $7.40.

GGB has an Overall Score of 43. Find out what this means to you and get the rest of the rankings on GGB!

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Gerdau SA ADR has a Long-Term Technical rank of 44. This means that trading over the last 200 trading days has placed the company in the lower half of stocks with 56% of the market scoring higher. In the Steel industry which is number 47 by this metric, GGB ranks better than 20% of stocks.

Important Dates for Investors in GGB:

-Gerdau SA ADR is set to release earnings on 1/25/2022. During their last earnings release the company posted EPS of $0.35. -We do not have a set dividend date for Gerdau SA ADR at this time. Click Here To Get The Full Report on Gerdau SA ADR (GGB)