StockNews.com downgraded shares of Grupo Simec (NYSEAMERICAN:SIM – Free Report) from a strong-buy rating to a buy rating in a research report released on Friday morning.
Grupo Simec Stock Performance
Shares of Grupo Simec stock remained flat at $27.85 during trading hours on Friday. 26 shares of the company’s stock were exchanged, compared to its average volume of 876. The firm has a market capitalization of $4.29 billion, a P/E ratio of 8.24 and a beta of 0.31. Grupo Simec has a 1-year low of $25.00 and a 1-year high of $34.29.
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. Grupo Simec had a net margin of 29.44% and a return on equity of 18.60%. The firm had revenue of $452.15 million during the quarter.
Grupo Simec Company Profile
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.
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