Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $27.10, but opened at $27.96. Grupo Simec shares last traded at $27.96, with a volume of 204 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Grupo Simec from a "strong-buy" rating to a "buy" rating in a research note on Wednesday.
Check Out Our Latest Report on SIM
Grupo Simec Stock Performance
The firm has a market cap of $4.31 billion, a P/E ratio of 9.26 and a beta of 0.29.
Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last issued its quarterly earnings results on Monday, July 22nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter. The company had revenue of $487.42 million during the quarter. Grupo Simec had a net margin of 24.90% and a return on equity of 16.68%.
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.
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