Grupo Simec (NYSEAMERICAN:SIM) Sees Large Volume Increase – Should You Buy?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) saw strong trading volume on Tuesday . 1,895 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 1,456 shares.The stock last traded at $26.51 and had previously closed at $26.26.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

Grupo Simec Stock Performance

The firm has a market cap of $4.00 billion, a PE ratio of 7.69 and a beta of 0.30.

Grupo Simec (NYSEAMERICAN:SIM) last announced 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 return on equity of 18.62% and a net margin of 29.44%. The business had revenue of $452.15 million for the quarter.

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.