Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.
Grupo Simec Stock Performance
NYSEAMERICAN:SIM traded down $0.77 during mid-day trading on Thursday, reaching $26.23. The stock had a trading volume of 1,301 shares, compared to its average volume of 1,545. Grupo Simec has a 1-year low of $22.15 and a 1-year high of $33.78. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 7.76 and a beta of 0.29.
Institutional Trading of Grupo Simec
An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new stake in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,899 shares of the basic materials company's stock, valued at approximately $212,000. Hedge funds and other institutional investors own 0.17% of the company's stock.
About Grupo Simec
(
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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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