Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down to $32.50

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $32.50, but opened at $31.00. Grupo Simec shares last traded at $31.00, with a volume of 115 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Grupo Simec from a "hold" rating to a "buy" rating in a research note on Monday, February 12th.

Grupo Simec Trading Up 1.5 %

The company has a market cap of $5.08 billion, a P/E ratio of 18.54 and a beta of 0.36.

Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter. Grupo Simec had a return on equity of 10.56% and a net margin of 12.72%. The company had revenue of $502.89 million for the quarter.

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.