StockNews.com upgraded shares of Grupo Simec (NYSEAMERICAN:SIM - Free Report) from a buy rating to a strong-buy rating in a research note published on Thursday.
Grupo Simec Stock Performance
NYSEAMERICAN SIM remained flat at $27.67 during trading on Thursday. The company's stock had a trading volume of 48 shares, compared to its average volume of 327. Grupo Simec has a one year low of $26.00 and a one year high of $34.29. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 14.05 and a beta of 0.29.
Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last posted its earnings results on Monday, July 22nd. The basic materials company reported $1.39 earnings per share for the quarter. Grupo Simec had a return on equity of 16.68% and a net margin of 24.90%. The company had revenue of $487.42 million for the quarter.
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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