Grupo Simec (NYSE:SIM) Stock Rating Upgraded by

Grupo Simec (NYSE:SIMGet Rating) was upgraded by analysts at from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Grupo Simec Stock Performance

SIM opened at $29.95 on Thursday. The company’s fifty day moving average price is $30.32. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 9.98 and a beta of 0.42. Grupo Simec has a twelve month low of $21.01 and a twelve month high of $36.27.

About Grupo Simec

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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.

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