Grupo Simec (NYSEAMERICAN:SIM) Sees Strong Trading Volume – Still a Buy?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) saw strong trading volume on Thursday . 1,383 shares were traded during trading, an increase of 26% from the previous session’s volume of 1,101 shares.The stock last traded at $26.43 and had previously closed at $26.20.

Wall Street Analysts Forecast Growth

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

Grupo Simec Trading Up 0.9 %

The company has a market capitalization of $4.07 billion, a PE ratio of 7.82 and a beta of 0.31.

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

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.