Grupo Simec (NYSEAMERICAN:SIM) Reaches New 1-Year Low - Time to Sell?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $25.00 and last traded at $26.13, with a volume of 1083 shares traded. The stock had previously closed at $26.68.

Analyst Ratings Changes

Separately, StockNews.com downgraded Grupo Simec from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th.

Grupo Simec Stock Down 0.3 %

The stock has a market capitalization of $4.10 billion, a P/E ratio of 7.87 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last released 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

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.