Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down - Here's What Happened

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $26.91, but opened at $26.22. Grupo Simec shares last traded at $26.22, with a volume of 434 shares changing hands.

Analyst Ratings Changes

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

Grupo Simec Price Performance

The stock has a market capitalization of $4.04 billion, a PE ratio of 7.76 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $452.15 million for 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.