Grupo Simec (NYSEAMERICAN:SIM) Shares Down 6.1% – Here’s What Happened

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s share price fell 6.1% on Thursday . The stock traded as low as $25.78 and last traded at $25.78. 666 shares traded hands during trading, a decline of 39% from the average session volume of 1,099 shares. The stock had previously closed at $27.45.

Analyst Ratings Changes

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

Grupo Simec Price Performance

The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 8.05 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIM) last posted 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 net margin of 29.44% and a return on equity of 18.62%.

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.