Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.
Grupo Simec Stock Performance
Shares of SIM stock opened at $27.71 on Tuesday. Grupo Simec has a 1 year low of $26.00 and a 1 year high of $35.81. The firm has a market cap of $4.27 billion, a PE ratio of 14.07 and a beta of 0.29.
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last released its earnings results on Monday, July 22nd. The basic materials company reported $1.39 earnings per share (EPS) 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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