Grupo Simec (NYSEAMERICAN:SIM) Sees Unusually-High Trading Volume – Here’s Why

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) shares saw unusually-high trading volume on Friday . Approximately 431 shares changed hands during trading, a decline of 60% from the previous session’s volume of 1,091 shares.The stock last traded at $27.00 and had previously closed at $27.56.

Analyst Ratings Changes

Separately, StockNews.com cut Grupo Simec from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th.

Grupo Simec Stock Performance

The company has a market cap of $4.05 billion, a price-to-earnings ratio of 7.40 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIM) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. The firm 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%.

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.