Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $27.00, but opened at $25.31. Grupo Simec shares last traded at $25.31, with a volume of 149 shares.
Analyst Ratings Changes
Separately, StockNews.com downgraded Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.
Check Out Our Latest Stock Analysis on SIM
Grupo Simec Stock Performance
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%. The company had revenue of $452.15 million for the quarter.
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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