Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.
Grupo Simec Stock Up 0.3 %
SIM stock traded up $0.10 during mid-day trading on Tuesday, hitting $28.90. 382 shares of the stock were exchanged, compared to its average volume of 1,214. Grupo Simec has a 12 month low of $26.00 and a 12 month high of $35.81. The firm has a market cap of $4.45 billion, a P/E ratio of 14.67 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. Grupo Simec had a return on equity of 16.68% and a net margin of 24.90%. The firm 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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