Posted by admin on May 7th, 2022
StockNews.com lowered shares of Grupo Simec (NYSE:SIM – Get Rating) from a buy rating to a hold rating in a research report report published on Friday.
SIM stock traded up $0.10 during midday trading on Friday, hitting $29.90. The stock had a trading volume of 9,511 shares, compared to its average volume of 3,875. Grupo Simec has a 12-month low of $15.15 and a 12-month high of $36.27. The business has a 50-day moving average price of $29.85.
Grupo Simec (NYSE:SIM – Get Rating) last announced its quarterly earnings data on Wednesday, February 16th. The company reported $0.56 earnings per share (EPS) for the quarter. Grupo Simec had a net margin of 17.61% and a return on equity of 22.20%. The company had revenue of $621.33 million during the quarter.
About Grupo Simec (Get Rating)
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, 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 panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.
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