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

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) shares saw unusually-high trading volume on Friday . Approximately 893 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 1,094 shares.The stock last traded at $26.52 and had previously closed at $26.48.

Analyst Upgrades and Downgrades

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

Grupo Simec Stock Up 0.2 %

The company has a market cap of $4.09 billion, a PE ratio of 7.85 and a beta of 0.31.

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

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.