Grupo Simec (NYSEAMERICAN:SIM) Sees Large Volume Increase – What’s Next?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) saw an uptick in trading volume on Friday . 431 shares traded hands during trading, a decline of 60% from the previous session’s volume of 1,091 shares.The stock last traded at $27.00 and had previously closed at $27.56.

Analyst Ratings Changes

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

Grupo Simec Trading Down 4.6 %

The stock has a market capitalization of $4.05 billion, a PE ratio of 7.78 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIM) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%. The company had revenue of $452.15 million for the quarter.

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.