Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Up – Should You Buy?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) gapped up prior to trading on Thursday . The stock had previously closed at $25.83, but opened at $26.73. Grupo Simec shares last traded at $26.13, with a volume of 315 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Grupo Simec from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th.

Grupo Simec Stock Performance

The stock has a market cap of $3.99 billion, a P/E ratio of 7.68 and a beta of 0.30.

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. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%. The company had revenue of $452.15 million for the quarter.

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.