Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) saw strong trading volume on Thursday . 1,383 shares were traded during mid-day trading, an increase of 26% from the previous session's volume of 1,101 shares.The stock last traded at $26.43 and had previously closed at $26.20.
Separately, StockNews.com downgraded Grupo Simec from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th.
Read Our Latest Research Report on Grupo Simec
The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 7.82 and a beta of 0.31.
Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.00 EPS for the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%. The company had revenue of $452.15 million for the quarter.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Grupo Simec, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Simec wasn't on the list.
While Grupo Simec currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.