Grupo Simec (NYSEAMERICAN:SIM) Sets New 1-Year Low – Here’s Why

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s stock price reached a new 52-week low on Thursday . The company traded as low as $25.00 and last traded at $25.26, with a volume of 2533 shares changing hands. The stock had previously closed at $25.80.

Wall Street Analyst Weigh In

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

Grupo Simec Price Performance

The stock has a market cap of $3.87 billion, a P/E ratio of 7.63 and a beta of 0.30.

Grupo Simec (NYSEAMERICAN:SIM) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.00 EPS for the quarter. Grupo Simec had a net margin of 29.44% and a return on equity of 18.62%. The company had revenue of $452.15 million during 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.