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

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

Grupo Simec Stock Down 0.3 %

Shares of SIM opened at $28.55 on Tuesday. The stock has a market cap of $4.40 billion, a PE ratio of 14.49 and a beta of 0.29. Grupo Simec has a 12-month low of $26.00 and a 12-month high of $35.81.

Grupo Simec (NYSEAMERICAN:SIMGet Free Report) last issued its quarterly earnings results on Monday, July 22nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter. The firm had revenue of $487.42 million during the quarter. Grupo Simec had a return on equity of 16.68% and a net margin of 24.90%.

Grupo Simec Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Grupo Simec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Simec and related companies with MarketBeat.com's FREE daily email newsletter.