Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $25.00 and last traded at $27.15, with a volume of 2155 shares traded. The stock had previously closed at $26.73.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Grupo Simec from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th.
Check Out Our Latest Report on SIM
Grupo Simec Trading Up 0.0 %
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. Grupo Simec had a net margin of 29.44% and a return on equity of 18.62%. The company had revenue of $452.15 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.
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