Grupo Simec SAB de CV (SIM) Rating Increased to Sell at BidaskClub
Grupo Simec SAB de CV (NYSEMKT:SIM) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.
Separately, ValuEngine lowered shares of Grupo Simec SAB de CV from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold”.
Grupo Simec SAB de CV (SIM) opened at 10.43 on Wednesday. Grupo Simec SAB de CV has a 52 week low of $9.29 and a 52 week high of $15.20. The stock’s 50 day moving average is $10.44 and its 200 day moving average is $10.83. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 21.07 and a beta of 1.11.
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).
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