Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
Grupo Simec Stock Performance
Shares of SIM stock opened at $27.85 on Friday. Grupo Simec has a 52-week low of $25.00 and a 52-week high of $34.29. The stock has a market capitalization of $4.29 billion, a P/E ratio of 8.24 and a beta of 0.31.
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last released its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter. Grupo Simec had a return on equity of 18.60% and a net margin of 29.44%. The company 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.
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