StockNews.com cut shares of Grupo Simec (NYSEAMERICAN:SIM – Free Report) from a strong-buy rating to a buy rating in a research note published on Monday morning.
Grupo Simec Stock Performance
SIM stock opened at $28.90 on Monday. The company has a market cap of $4.45 billion, a P/E ratio of 14.67 and a beta of 0.29. Grupo Simec has a fifty-two week low of $26.00 and a fifty-two week high of $35.81.
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last posted its quarterly earnings results on Monday, July 22nd. The basic materials company reported $1.39 EPS for the quarter. Grupo Simec had a net margin of 24.90% and a return on equity of 16.68%. The company had revenue of $487.42 million during the quarter.
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.
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