Grupo Simec (NYSEAMERICAN:SIM) Stock Rating Lowered by

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

Grupo Simec Stock Performance

NYSEAMERICAN SIM traded down $3.29 during trading hours on Monday, hitting $31.00. The company’s stock had a trading volume of 6,323 shares, compared to its average volume of 1,570. Grupo Simec has a 12 month low of $28.00 and a 12 month high of $38.22. The stock has a 50 day moving average price of $34.91. The company has a market capitalization of $4.78 billion, a P/E ratio of 20.81 and a beta of 0.34.

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 business had revenue of $554.20 million for the quarter. Grupo Simec had a return on equity of 9.25% and a net margin of 10.40%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Grupo Simec stock. Avantax Advisory Services Inc. purchased a new position in Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIMFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,455 shares of the basic materials company’s stock, valued at approximately $273,000. 0.17% of the stock is currently owned by institutional investors.

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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