StockNews.com cut shares of Grupo Simec (NYSEAMERICAN:SIM – Free Report) from a strong-buy rating to a buy rating in a research note published on Wednesday morning.
Grupo Simec Trading Up 3.2 %
Shares of Grupo Simec stock opened at $27.96 on Wednesday. Grupo Simec has a 12-month low of $26.00 and a 12-month high of $34.29. The firm has a market cap of $4.31 billion, a PE ratio of 9.26 and a beta of 0.29.
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last issued 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 return on equity of 16.68% and a net margin of 24.90%. The firm had revenue of $487.42 million for 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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