Press coverage about Gerdau (NYSE:GGB) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gerdau earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.2355333951622 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
Shares of GGB traded down $0.10 during trading hours on Monday, reaching $4.81. The company’s stock had a trading volume of 5,179,080 shares, compared to its average volume of 11,933,506. The company has a market capitalization of $8,443.52, a price-to-earnings ratio of 53.44 and a beta of 2.29. Gerdau has a 1-year low of $2.60 and a 1-year high of $5.32. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.33 and a quick ratio of 1.46.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Monday, March 12th were issued a $0.0093 dividend. This is an increase from Gerdau’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, March 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.77%. Gerdau’s dividend payout ratio is currently 33.33%.
GGB has been the topic of several recent analyst reports. Credit Suisse Group upgraded Gerdau from a “neutral” rating to an “outperform” rating in a report on Friday, February 2nd. Morgan Stanley downgraded Gerdau from an “overweight” rating to an “equal weight” rating in a report on Thursday, March 8th. Finally, Zacks Investment Research downgraded Gerdau from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Gerdau has an average rating of “Buy” and a consensus target price of $4.50.
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Gerdau SA provides steel-related products and services worldwide. It operates through four segments: Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. The company offers semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles, which are used primarily in the construction and manufacturing industries; and drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps, as well as mines and produces iron ore.
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