Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s share price hit a new 52-week low on Monday . The company traded as low as $24.00 and last traded at $24.00, with a volume of 143 shares traded. The stock had previously closed at $27.27.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 16th.
Get Our Latest Research Report on SIM
Grupo Simec Trading Down 12.0 %
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last announced its quarterly earnings data on Monday, July 22nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter. Grupo Simec had a return on equity of 16.68% and a net margin of 24.90%. The company had revenue of $487.42 million for the quarter.
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.
Featured Articles
- Five stocks we like better than Grupo Simec
- What is the NASDAQ Stock Exchange?
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
- The Most Important Warren Buffett Stock for Investors: His Own
- Goldman Sachs: Raises the Bar for Banks After Crushing Q3 2024
- What Do S&P 500 Stocks Tell Investors About the Market?
- Top 3 Low-Risk Trading Strategies
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.
