Grupo Simec (NYSEAMERICAN:SIM) Sees Strong Trading Volume – Should You Buy?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIMGet Free Report) shares saw unusually-strong trading volume on Monday . Approximately 2,574 shares were traded during trading, an increase of 119% from the previous session’s volume of 1,178 shares.The stock last traded at $25.84 and had previously closed at $26.73.

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.

View Our Latest Research Report on Grupo Simec

Grupo Simec Stock Down 3.3 %

The company has a market cap of $3.98 billion, a P/E ratio of 7.65 and a beta of 0.30.

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

About Grupo Simec

(Get Free Report)

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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