Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.
Grupo Simec Price Performance
Grupo Simec stock opened at $27.71 on Tuesday. Grupo Simec has a 52-week low of $26.00 and a 52-week high of $35.81. The firm has a market capitalization of $4.27 billion, a PE ratio of 14.07 and a beta of 0.29.
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last announced its quarterly earnings results 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 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.
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