Grupo Simec (NYSEAMERICAN:SIM) Cut to Buy at StockNews.com

StockNews.com cut shares of Grupo Simec (NYSEAMERICAN:SIM) from a strong-buy rating to a buy rating in a report published on Wednesday morning.

Grupo Simec Trading Up 8.2 %

Shares of SIM opened at $29.45 on Wednesday. The company has a market cap of $4.54 billion, a P/E ratio of 9.75 and a beta of 0.29. Grupo Simec has a fifty-two week low of $26.00 and a fifty-two week high of $34.29.

About Grupo Simec

Grupo Simec, SAB. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.