Grupo Simec (NYSEAMERICAN:SIM) Stock Price Down 4% – Time to Sell?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) shares fell 4% during trading on Friday . The stock traded as low as $25.00 and last traded at $24.77. 3,681 shares were traded during mid-day trading, an increase of 180% from the average session volume of 1,313 shares. The stock had previously closed at $25.80.

Wall Street Analyst Weigh In

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

Grupo Simec Stock Down 3.2 %

The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 7.39 and a beta of 0.30.

Grupo Simec (NYSEAMERICAN:SIM) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share 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.