Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $27.15, but opened at $25.50. Grupo Simec shares last traded at $28.04, with a volume of 1,254 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Grupo Simec from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th.
Read Our Latest Stock Analysis on Grupo Simec
Grupo Simec Stock Down 1.3 %
The firm 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 released its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter. The firm 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%.
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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