Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $25.77, but opened at $26.89. Grupo Simec shares last traded at $26.89, with a volume of 154 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Grupo Simec from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th.
Get Our Latest Stock Report on Grupo Simec
Grupo Simec Price Performance
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.00 EPS 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 for 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.
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