Grupo Simec (NYSEAMERICAN:SIM) Hits New 1-Year Low – Here’s What Happened

by · The Cerbat Gem

Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $25.00 and last traded at $25.00, with a volume of 650 shares trading hands. The stock had previously closed at $26.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Grupo Simec from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 29th.

View Our Latest Analysis on Grupo Simec

Grupo Simec Stock Performance

The firm has a market capitalization of $3.85 billion, a P/E ratio of 8.28 and a beta of 0.31.

About Grupo Simec

(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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