Grupo Simec (NYSEAMERICAN:SIM) Sets New 1-Year Low – Time to Sell?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s stock price hit a new 52-week low on Friday . The company traded as low as $25.00 and last traded at $27.15, with a volume of 2155 shares traded. The stock had previously closed at $26.73.

Wall Street Analyst Weigh In

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 Down 1.1 %

The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 7.82 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 (EPS) for the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%. The firm had revenue of $452.15 million during 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.