Grupo Simec (NYSEAMERICAN:SIM) Upgraded to Strong-Buy by StockNews.com
by Sarita Garza · The Markets DailyGrupo Simec (NYSEAMERICAN:SIM – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.
Grupo Simec Stock Performance
NYSEAMERICAN:SIM opened at $27.67 on Friday. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 14.05 and a beta of 0.29. Grupo Simec has a 12-month low of $26.00 and a 12-month high of $34.29.
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last released its quarterly earnings data on Monday, July 22nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter. The firm had revenue of $487.42 million for the quarter. Grupo Simec had a return on equity of 16.68% and a net margin of 24.90%.
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.
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