Grupo Simec (NYSEAMERICAN:SIM) Rating Increased to Strong-Buy at StockNews.com

Grupo Simec (NYSEAMERICAN:SIM) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Grupo Simec Price Performance

Shares of SIM remained flat at $27.67 during trading hours on Friday. The stock had a trading volume of 80 shares, compared to its average volume of 360. The firm has a market cap of $4.26 billion, a P/E ratio of 14.05 and a beta of 0.29. Grupo Simec has a one year low of $26.00 and a one year high of $34.29.

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