Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Rating) traded down 8.1% during trading on Wednesday . The company traded as low as $32.19 and last traded at $32.19. 258 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,752 shares. The stock had previously closed at $35.01.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Grupo Simec in a research report on Thursday, March 16th. They issued a "hold" rating for the company.
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The firm has a market cap of $4.96 billion, a P/E ratio of 13.62 and a beta of 0.31. The company has a 50-day moving average of $34.94 and a 200 day moving average of $32.29.
Grupo Simec (NYSEAMERICAN:SIM – Get Rating) last posted its earnings results on Monday, February 13th. The basic materials company reported $0.18 EPS for the quarter. The business had revenue of $564.09 million during the quarter. Grupo Simec had a return on equity of 18.38% and a net margin of 15.64%.
Hedge Funds Weigh In On Grupo Simec
An institutional investor recently bought a new position in Grupo Simec stock. Avantax Advisory Services Inc. acquired a new position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,455 shares of the basic materials company's stock, valued at approximately $273,000. Hedge funds and other institutional investors own 0.17% of the company's stock.
Grupo Simec Company Profile
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Grupo SIMEC SAB de CV engages in the manufacture, processing and distribution of steel and structural steel products. It operates through the following geographical segments: Mexico, U.S., and Brazil. The Mexico segment represents the results of the operations in Mexico, including plants in Mexicali, Guadalajara, Tlaxcala, and San Luis Potosi.
Further Reading
- Get a free copy of the StockNews.com research report on Grupo Simec (SIM)
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