Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) shares saw strong trading volume on Monday . 2,443 shares changed hands 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.
Analysts Set New Price Targets
Separately, StockNews.com cut Grupo Simec from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th.
Read Our Latest Research Report on SIM
Grupo Simec Stock Performance
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. The business had revenue of $452.15 million during the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%.
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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