Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Sunday.
Grupo Simec Stock Performance
Shares of NYSEAMERICAN SIM traded down $1.47 during mid-day trading on Friday, reaching $25.85. 1,736 shares of the company were exchanged, compared to its average volume of 1,545. The stock has a market cap of $3.98 billion, a PE ratio of 7.65 and a beta of 0.29. Grupo Simec has a twelve month low of $22.15 and a twelve month high of $33.78.
Institutional Trading of Grupo Simec
A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. acquired a new stake in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,899 shares of the basic materials company's stock, valued at approximately $212,000. Institutional investors and hedge funds own 0.17% of the company's stock.
Grupo Simec Company Profile
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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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