Grupo Simec (NYSEAMERICAN:SIM) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Grupo Simec (NYSEAMERICAN:SIM - Free Report) from a buy rating to a hold rating in a report published on Tuesday.

Grupo Simec Price Performance

Shares of Grupo Simec stock traded up $1.22 during trading on Tuesday, reaching $27.92. 1,159 shares of the stock traded hands, compared to its average volume of 1,520. Grupo Simec has a 52-week low of $22.15 and a 52-week high of $33.78. The firm's fifty day moving average price is $26.65. The firm has a market cap of $4.30 billion, a P/E ratio of 8.26 and a beta of 0.29.

Institutional Trading of Grupo Simec

A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new stake in Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,899 shares of the basic materials company's stock, valued at approximately $212,000. Institutional investors own 0.17% of the company's stock.

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.