Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $26.71, but opened at $26.06. Grupo Simec shares last traded at $26.06, with a volume of 702 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Grupo Simec from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th.
Check Out Our Latest Research Report on SIM
Grupo Simec Trading Down 2.4 %
The stock has a market cap of $4.01 billion, a P/E ratio of 7.71 and a beta of 0.31.
Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last issued its quarterly 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 18.62%. The business had revenue of $452.15 million for the quarter.
About Grupo Simec
(
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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.
Further Reading
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