Grupo Simec (NYSEAMERICAN:SIM) Sets New 12-Month 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 on Monday . The stock traded as low as $24.00 and last traded at $24.00, with a volume of 143 shares traded. The stock had previously closed at $27.27.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Grupo Simec from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 16th.

Grupo Simec Trading Down 0.6 %

The company has a market cap of $4.17 billion, a PE ratio of 9.03 and a beta of 0.29.

Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last announced its quarterly earnings results on Monday, July 22nd. The basic materials company reported $1.39 EPS for the quarter. The business had revenue of $487.42 million for the quarter. Grupo Simec had a return on equity of 16.68% and a net margin of 24.90%.

About Grupo Simec

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.