Grupo Simec (NYSEAMERICAN:SIM) Sees Strong Trading Volume – What’s Next?

Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) saw unusually-high trading volume on Tuesday . Approximately 2,757 shares changed hands during 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.

Analysts Set New Price Targets

Separately, StockNews.com lowered Grupo Simec from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 29th.

Grupo Simec Stock Up 0.1 %

The stock has a market capitalization of $4.13 billion, a PE ratio of 7.93 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIM) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. Grupo Simec had a return on equity of 18.60% and a net margin of 29.44%. The business had revenue of $452.15 million during the quarter.

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.