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Brazil's Gerdau, Japan's Sumitomo, JSW form wind power joint venture
2016-01-27 19:33:16| Grocery - Topix.net
Jan 27 Brazilian steelmaker Gerdau SA will form a joint venture with Japan's Sumitomo Corp and Japan Steel Works Ltd to compete in the wind power sector in Brazil, Gerdau said on Wednesday. With 280 million reais in investment for new equipment, the joint venture would use Gerdau's mill in Pindamonhangaba in the state of Sao Paulo to supply parts for wind turbines from 2017.
Gerdau SA (GGB) Upgraded by Zacks Investment Research to Hold
2016-01-23 18:10:57| Steel - Topix.net
According to Zacks, "Gerdau's diversified business portfolio as well as manufacturing techniques will help it grow over the long term. Also, the company will benefit from a surge in government investments toward nation building.
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Gerdau SA (NYSE:GGB) Receives Average Recommendation of "Hold" from Analysts
2016-01-06 05:24:38| Steel - Topix.net
Gerdau SA has earned a consensus rating of "Hold" from the seven ratings firms that are covering the stock, ARN reports . Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company.
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Gerdau SA (GGB) Downgraded by TheStreet to "Sell"
2016-01-03 16:41:02| Steel - Topix.net
Shares of Gerdau SA opened at 1.20 on Tuesday. The stock has a 50 day moving average price of $1.38 and a 200-day moving average price of $1.67.
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Gerdau SA (GGB) Short Interest Update
2015-12-30 17:40:04| Steel - Topix.net
Gerdau SA was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 24,610,829 shares, a decline of 21.4% from the November 30th total of 31,299,796 shares, Marketbeat.com reports.
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