Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Up – Should You Buy?

Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) gapped up before the market opened on Tuesday . The stock had previously closed at $27.67, but opened at $28.84. Grupo Simec shares last traded at $28.84, with a volume of 236 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Grupo Simec from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th.

Grupo Simec Price Performance

The stock has a market cap of $4.44 billion, a PE ratio of 9.16 and a beta of 0.29.

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

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.