|Bid||6.82 x 38800|
|Ask||6.84 x 28000|
|Day's Range||6.54 - 6.86|
|52 Week Range||1.84 - 6.86|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||26.97|
|Forward Dividend & Yield||0.08 (1.23%)|
|Ex-Dividend Date||Mar. 12, 2021|
|1y Target Est||7.42|
Here today is Gustavo Werneck, Chief Executive Officer of Gerdau; Harley Scardoelli, Chief Financial Officer who will present to you today. All analysts and investors can send their questions to the chat.
Shares of Brazil steelmaker Gerdau SA surged more than 5% on Wednesday, after the company reported a net income of 2.5 billion reais ($459.22 million), much higher than a year ago, due to higher metal prices and favorable currency rates. While profit grew more than ten-fold and revenue grew 77%, steel production fell 1% and steel sales grew only 15% to 3 million tonnes. "This whopping beat was driven mainly by higher prices in Brazil," it said.
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