Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $25.00 and last traded at $26.51, with a volume of 1888 shares. The stock had previously closed at $27.00.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Grupo Simec from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th.
Get Our Latest Research Report on SIM
Grupo Simec Stock Performance
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.00 EPS for the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%. The business 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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