Grupo Simec (NYSEAMERICAN:SIM) Reaches New 1-Year Low – Here’s Why

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $25.00 and last traded at $26.13, with a volume of 1083 shares traded. The stock had previously closed at $26.68.

Analyst Ratings Changes

Separately, StockNews.com cut Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

Grupo Simec Stock Up 2.3 %

The stock has a market cap of $4.16 billion, a PE ratio of 7.99 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIM) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%. The business had revenue of $452.15 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.