Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down to $33.00

Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Grupo Simec from a “hold” rating to a “buy” rating in a report on Monday, February 12th.

Grupo Simec Price Performance

The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 17.42 and a beta of 0.36.

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

About Grupo Simec

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.