Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 2,757 shares were traded during mid-day trading, an increase of 150% from the previous session's volume of 1,101 shares.The stock last traded at $26.79 and had previously closed at $26.25.
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 Tuesday, October 29th.
Read Our Latest Stock Report on Grupo Simec
Grupo Simec Stock Up 2.1 %
The stock has a market cap of $4.13 billion, a PE ratio of 7.93 and a beta of 0.31.
Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter. Grupo Simec had a net margin of 29.44% and a return on equity of 18.60%. The business had revenue of $452.15 million for the quarter.
About Grupo Simec
(
Get Free Report)
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.
Featured Stories
Before you consider Grupo Simec, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Simec wasn't on the list.
While Grupo Simec currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
