Grupo Simec (NYSEAMERICAN:SIM) Rating Lowered to "Buy" at StockNews.com

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 research note issued on Friday.

Grupo Simec Price Performance

NYSEAMERICAN:SIM remained flat at $27.85 on Friday. The company's stock had a trading volume of 26 shares, compared to its average volume of 876. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 8.24 and a beta of 0.31. Grupo Simec has a 12 month low of $25.00 and a 12 month high of $34.29.

Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter. Grupo Simec had a return on equity of 18.60% and a net margin of 29.44%. The firm had revenue of $452.15 million during the quarter.

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.