Grupo Simec (NYSEAMERICAN:SIM) Hits New 1-Year Low – Here’s What Happened

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $25.00 and last traded at $25.26, with a volume of 2533 shares trading hands. The stock had previously closed at $25.80.

Analyst Ratings Changes

Separately, StockNews.com cut Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

Grupo Simec Price Performance

The firm has a market capitalization of $3.97 billion, a PE ratio of 7.63 and a beta of 0.30.

Grupo Simec (NYSEAMERICAN:SIM) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.00 EPS for the quarter. The business had revenue of $452.15 million during the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%.

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.