Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,757 shares were traded during mid-day trading, an increase of 150% from the previous session’s volume of 1,101 shares.The stock last traded at $26.79 and had previously closed at $26.25.
Analyst Ratings Changes
Separately, StockNews.com cut Grupo Simec from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 29th.
Read Our Latest Stock Report on Grupo Simec
Grupo Simec Stock Up 0.1 %
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 for the quarter. The business had revenue of $452.15 million for the quarter. Grupo Simec had a return on equity of 18.60% and a net margin of 29.44%.
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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