Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Up – Should You Buy?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) gapped up before the market opened on Thursday . The stock had previously closed at $25.83, but opened at $26.73. Grupo Simec shares last traded at $26.13, with a volume of 315 shares changing hands.

Analyst Upgrades and Downgrades

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

Grupo Simec Trading Up 0.5 %

The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 7.68 and a beta of 0.30.

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

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.