Grupo Simec (NYSEAMERICAN:SIM) Stock Rating Lowered by

Grupo Simec (NYSEAMERICAN:SIMGet Free Report) was downgraded by analysts at from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Grupo Simec Price Performance

Shares of NYSEAMERICAN:SIM traded down $3.29 on Monday, hitting $31.00. 6,323 shares of the company’s stock were exchanged, compared to its average volume of 1,570. The stock has a market capitalization of $4.78 billion, a P/E ratio of 20.81 and a beta of 0.34. Grupo Simec has a 1-year low of $28.00 and a 1-year high of $38.22. The stock’s 50-day moving average is $34.91.

Grupo Simec (NYSEAMERICAN:SIMGet Free Report) last announced its earnings results on Monday, October 30th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $554.20 million during the quarter. Grupo Simec had a return on equity of 9.25% and a net margin of 10.40%.

Institutional Trading of Grupo Simec

A hedge fund recently bought a new stake in Grupo Simec stock. Avantax Advisory Services Inc. acquired a new stake in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIMFree Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,455 shares of the basic materials company’s stock, valued at approximately $273,000. Institutional investors own 0.17% of the company’s stock.

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.

Further Reading

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