Grupo Simec (NYSEAMERICAN:SIM) Sees Strong Trading Volume – Time to Buy?

Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) saw an uptick in trading volume on Thursday . 1,383 shares were traded during trading, an increase of 26% from the previous session’s volume of 1,101 shares.The stock last traded at $26.43 and had previously closed at $26.20.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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

The stock has a market capitalization of $4.18 billion, a P/E ratio of 8.03 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIM) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.00 EPS for the quarter. The company had revenue of $452.15 million for the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%.

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.