Grupo Simec (NYSEAMERICAN:SIM) Hits New 1-Year Low – Time to Sell?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIMGet Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.00 and last traded at $26.51, with a volume of 1888 shares traded. The stock had previously closed at $27.00.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on Grupo Simec

Grupo Simec Stock Performance

The firm has a market capitalization of $4.21 billion, a PE ratio of 8.09 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIMGet Free Report) last released its earnings results 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 18.62% and a net margin of 29.44%. The firm had revenue of $452.15 million during the quarter.

Grupo Simec Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Grupo Simec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Simec and related companies with MarketBeat.com's FREE daily email newsletter.