Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $25.00 and last traded at $25.00, with a volume of 650 shares changing hands. The stock had previously closed at $26.00.
Analysts Set New Price Targets
Separately, StockNews.com cut Grupo Simec from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 29th.
Read Our Latest Research Report on SIM
Grupo Simec Stock Performance
The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 8.28 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 for the quarter. The firm had revenue of $452.15 million for the quarter. Grupo Simec had a return on equity of 16.68% and a net margin of 24.90%.
About Grupo Simec
(
Get Free Report)
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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