Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $25.00 and last traded at $26.51, with a volume of 1888 shares changing hands. The stock had previously closed at $27.00.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Grupo Simec from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th.
Read Our Latest Research Report on SIM
Grupo Simec Trading Down 1.1 %
The firm has a market capitalization of $4.11 billion, a P/E ratio of 7.90 and a beta of 0.31.
Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%. The firm had revenue of $452.15 million for the quarter.
About Grupo Simec
(
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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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