Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $25.83, but opened at $26.73. Grupo Simec shares last traded at $26.13, with a volume of 315 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com cut Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.
Read Our Latest Research Report on SIM
Grupo Simec Price Performance
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 EPS for the quarter. The business had revenue of $452.15 million for the quarter. Grupo Simec had a net margin of 29.44% and a return on equity of 18.62%.
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.
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