Grupo Simec (NYSE:SIM) Stock Rating Upgraded by StockNews.com

Grupo Simec (NYSE:SIMGet Rating) was upgraded by analysts at StockNews.com 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

(Get Rating)

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.

Read More

Receive News & Ratings for Grupo Simec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Simec and related companies with MarketBeat.com's FREE daily email newsletter.