Grupo Simec (NYSEAMERICAN:SIM) Trading 1.6% Higher

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s stock price rose 1.6% on Monday . The stock traded as high as $28.00 and last traded at $28.00. Approximately 405 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 1,291 shares. The stock had previously closed at $27.56.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Grupo Simec from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 31st.

Grupo Simec Price Performance

The company has a market cap of $4.41 billion, a PE ratio of 14.49 and a beta of 0.29.

Grupo Simec (NYSEAMERICAN:SIM) last issued its quarterly earnings results on Monday, July 22nd. The basic materials company reported $1.39 earnings per share for the quarter. The company had revenue of $487.42 million during the quarter. Grupo Simec had a net margin of 24.90% and a return on equity of 16.68%.

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.