Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down to $19.82

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $19.82, but opened at $18.25. Grupo Simec shares last traded at $20.14, with a volume of 300 shares changing hands.

SIM has been the topic of several research analyst reports. TheStreet raised Grupo Simec from a “c+” rating to a “b-” rating in a research note on Wednesday, January 27th. Scotiabank cut shares of Grupo Simec from a “sector perform” rating to a “sector underperform” rating in a research report on Friday.

The company has a market capitalization of $3.56 billion, a PE ratio of 16.25 and a beta of 0.37. The business’s fifty day simple moving average is $9.98.

Grupo Simec (NYSEAMERICAN:SIM) last announced its quarterly earnings data on Tuesday, February 9th. The basic materials company reported $0.21 earnings per share for the quarter. The firm had revenue of $497.77 million during the quarter.

About Grupo Simec (NYSEAMERICAN:SIM)

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, and Canada. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold finished bars, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.

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