Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $33.00, but opened at $31.00. Grupo Simec shares last traded at $31.00, with a volume of 254 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Grupo Simec from a "hold" rating to a "buy" rating in a research note on Monday, February 12th.
Read Our Latest Stock Report on SIM
Grupo Simec Stock Performance
The company has a market cap of $4.78 billion, a P/E ratio of 17.42 and a beta of 0.36.
Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The basic materials company reported $0.47 EPS for the quarter. Grupo Simec had a net margin of 12.72% and a return on equity of 10.56%. The company had revenue of $502.89 million for the quarter.
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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