Grupo Simec (NYSEAMERICAN:SIM) Lowered to Buy Rating by StockNews.com

Grupo Simec (NYSEAMERICAN:SIM) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

Grupo Simec Trading Up 2.0 %

NYSEAMERICAN:SIM opened at $26.00 on Tuesday. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 8.44 and a beta of 0.29. Grupo Simec has a 12 month low of $25.03 and a 12 month high of $34.29.

Grupo Simec Company Profile

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.