Grupo Simec (NYSEAMERICAN:SIM) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Grupo Simec (NYSEAMERICAN:SIM) from a buy rating to a strong-buy rating in a report released on Wednesday morning.

Grupo Simec Trading Up 2.8 %

Shares of NYSEAMERICAN:SIM opened at $27.56 on Wednesday. Grupo Simec has a 12 month low of $26.00 and a 12 month high of $37.00. The firm has a market cap of $4.25 billion, a P/E ratio of 13.99 and a beta of 0.29.

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.