Grupo Simec (NYSEAMERICAN:SIM) Sets New 52-Week Low – Time to Sell?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) hit a new 52-week low on Monday . The stock traded as low as $25.00 and last traded at $26.13, with a volume of 1083 shares traded. The stock had previously closed at $26.68.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Grupo Simec from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th.

Grupo Simec Stock Performance

The stock has a market capitalization of $4.16 billion, a PE ratio of 7.99 and a beta of 0.31.

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. The company had revenue of $452.15 million during the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%.

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.