Grupo Simec (NYSEAMERICAN:SIM) Reaches New 52-Week Low – Should You Sell?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIMGet Free Report)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $25.49 and last traded at $25.49, with a volume of 2333 shares. The stock had previously closed at $27.71.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on Grupo Simec

Grupo Simec Price Performance

The firm has a market capitalization of $4.01 billion, a P/E ratio of 8.61 and a beta of 0.29.

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.

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