Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 1,895 shares changed hands during trading, an increase of 30% from the previous session's volume of 1,456 shares.The stock last traded at $26.51 and had previously closed at $26.26.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Grupo Simec from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th.
View Our Latest Stock Report on Grupo Simec
Grupo Simec Price Performance
The stock has a market capitalization of $4.00 billion, a P/E ratio of 7.69 and a beta of 0.30.
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. The business had revenue of $452.15 million during the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%.
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.
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