Grupo Simec (NYSEAMERICAN:SIM) Sees Unusually-High Trading Volume – What’s Next?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) saw unusually-high trading volume on Tuesday . Approximately 1,895 shares were traded during trading, an increase of 30% from the previous session’s volume of 1,456 shares.The stock last traded at $26.51 and had previously closed at $26.26.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Grupo Simec from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th.

Grupo Simec Trading Down 1.0 %

The company has a market cap of $4.00 billion, a PE ratio of 7.69 and a beta of 0.30.

Grupo Simec (NYSEAMERICAN:SIM) last issued its 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 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.