Grupo Simec SAB de CV (SIM) Lifted to Strong-Buy at ValuEngine

Grupo Simec SAB de CV (NYSEMKT:SIM) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

A number of other research firms also recently commented on SIM. TheStreet downgraded Grupo Simec SAB de CV from a “b” rating to a “c” rating in a research report on Wednesday, March 8th. BidaskClub upgraded Grupo Simec SAB de CV from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Grupo Simec SAB de CV presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Grupo Simec SAB de CV (NYSEMKT:SIM) traded down 3.37% on Tuesday, hitting $10.62. 5,878 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $10.40 and a 200-day moving average price of $12.64. Grupo Simec SAB de CV has a 12 month low of $6.53 and a 12 month high of $15.20. The stock has a market cap of $1.76 billion, a P/E ratio of 12.39 and a beta of 1.11.

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An institutional investor recently raised its position in Grupo Simec SAB de CV stock. Renaissance Technologies LLC increased its stake in shares of Grupo Simec SAB de CV (NYSEMKT:SIM) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,700 shares of the basic materials company’s stock after buying an additional 2,600 shares during the period. Renaissance Technologies LLC owned approximately 0.13% of Grupo Simec SAB de CV worth $3,039,000 as of its most recent filing with the SEC. 0.24% of the stock is owned by hedge funds and other institutional investors.

Grupo Simec SAB de CV Company Profile

Grupo Simec, SAB. de C.V. is a manufacturer, processor and distributor of special bar quality (SBQ) steel and structural steel products. The Company operates through two segments Mexican and USA. The Mexican segment includes the plants in Mexicali, Guadalajara, Tlaxcala and San Luis Potosi. The USA segment includes approximately seven Republic Steel, Inc (Republic) plants of which over six are located in the United States (distributed in the states of Ohio, Indiana and New York) and approximately one in Canada (Ontario).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SIM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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