Grupo Simec (NYSEAMERICAN:SIM) Sets New 12-Month Low – What’s Next?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $25.00 and last traded at $25.26, with a volume of 2533 shares. The stock had previously closed at $25.80.

Wall Street Analyst Weigh In

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

Grupo Simec Stock Performance

The stock has a market cap of $3.97 billion, a P/E ratio of 7.63 and a beta of 0.30.

Grupo Simec (NYSEAMERICAN:SIM) last issued 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 for 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.