Grupo Simec (NYSEAMERICAN:SIM) Reaches New 52-Week Low – What’s Next?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s stock price hit a new 52-week low on Thursday . The stock 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.

Analysts Set New Price Targets

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

Grupo Simec Stock Down 2.5 %

The company has a market capitalization of $3.87 billion, a PE ratio of 7.63 and a beta of 0.30.

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