Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down to $28.40

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) gapped down prior to trading on Friday . The stock had previously closed at $28.40, but opened at $27.60. Grupo Simec shares last traded at $27.60, with a volume of 380 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Grupo Simec from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 17th.

Grupo Simec Price Performance

The firm has a market capitalization of $4.25 billion, a PE ratio of 9.45 and a beta of 0.29.

Grupo Simec (NYSEAMERICAN:SIM) last posted its quarterly earnings results on Monday, July 22nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter. Grupo Simec had a net margin of 24.90% and a return on equity of 16.68%. The business had revenue of $487.42 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.