Posted by admin on May 14th, 2022
Grupo Simec (NYSE:SIM – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
SIM stock opened at $29.50 on Friday. Grupo Simec has a twelve month low of $18.88 and a twelve month high of $36.27. The firm has a 50 day moving average of $29.83. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 9.83 and a beta of 0.48.
Grupo Simec (NYSE:SIM – Get Rating) last posted its earnings results on Wednesday, February 16th. The company reported $0.56 earnings per share for the quarter. Grupo Simec had a return on equity of 22.20% and a net margin of 17.61%. The company had revenue of $621.33 million for 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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