NEW YORK (
) hit a new 52-week low Wednesday as it is currently trading at $9.05, below its previous 52-week low of $9.11 with one million shares traded as of 9:56 a.m. ET. Average volume has been 8.2 million shares over the past 30 days.
Gerdau has a market cap of $16.4 billion and is part of the
industry. Shares are down 33.2% year to date as of the close of trading on Tuesday.
Gerdau S.A. engages in the production and sale of steel products in Brazil and internationally. The company has a P/E ratio of 7.9, below the average metals & mining industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Gerdau as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full
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