Gerdau Steel (GGB, Financial) experienced a significant stock price drop of 5.13%, trading at $3.14 per share with a volume of 8.375 million shares and a turnover rate of 0.41%. The stock's amplitude was 4.68%.
Recent financial reports revealed Gerdau achieved $3.134 billion in revenue, $243 million in net profit, and earnings per share of $0.12. The gross profit was $465 million, with a price-to-earnings ratio of 7.45. Among 12 rating institutions, 92% recommended buying, while 8% suggested holding, with no sell recommendations.
Within the steel industry, Gerdau's sector saw a decline of 0.47%. Some related stocks, like Friedman Industries Inc. and Inno Holdings Inc., showed gains. Active stocks included Cliffs Natural Resources and U.S. Steel, with turnover rates of 1.60% and 1.13%, respectively.
