Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $27.85, but opened at $25.18. Grupo Simec shares last traded at $26.50, with a volume of 1,309 shares.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Grupo Simec from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th.
Grupo Simec Trading Up 1.4 %
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 18.60% and a net margin of 29.44%. The company had revenue of $452.15 million for the quarter.
About Grupo Simec
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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