Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) shares saw strong trading volume on Monday . 2,443 shares were traded during trading, an increase of 122% from the previous session’s volume of 1,102 shares.The stock last traded at $30.32 and had previously closed at $26.89.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.
Grupo Simec Stock Performance
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%. The business had revenue of $452.15 million during the quarter.
About Grupo Simec
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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