Grupo Simec (NYSEAMERICAN:SIM) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Grupo Simec (NYSEAMERICAN:SIM) from a strong-buy rating to a buy rating in a research note published on Tuesday.

Grupo Simec Stock Performance

SIM opened at $26.00 on Tuesday. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 8.61 and a beta of 0.29. Grupo Simec has a 1 year low of $25.03 and a 1 year high of $34.29.

Grupo Simec Company Profile

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.