StockNews.com cut shares of Grupo Simec (NYSEAMERICAN:SIM – Free Report) from a buy rating to a hold rating in a research note issued to investors on Sunday.
Grupo Simec Price Performance
SIM opened at $26.00 on Friday. Grupo Simec has a 12-month low of $22.15 and a 12-month high of $33.78. The company has a market capitalization of $4.00 billion, a PE ratio of 7.69 and a beta of 0.29.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new stake in Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,899 shares of the basic materials company’s stock, valued at approximately $212,000. 0.17% of the stock is owned by institutional investors and hedge funds.
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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