Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) shares saw strong trading volume on Monday . 849 shares traded hands during mid-day trading, a decline of 45% from the previous session's volume of 1,550 shares.The stock last traded at $26.64 and had previously closed at $27.11.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Grupo Simec from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 8th.
Read Our Latest Analysis on Grupo Simec
Grupo Simec Trading Down 0.4 %
The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 7.99 and a beta of 0.31.
Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. Grupo Simec had a net margin of 29.44% and a return on equity of 18.62%. The firm had revenue of $452.15 million during the quarter.
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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