Grupo Simec SAB de CV (NYSEMKT:SIM) Given Average Rating of “Hold” by Brokerages
Shares of Grupo Simec SAB de CV (NYSEMKT:SIM) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
SIM has been the topic of a number of analyst reports. BidaskClub upgraded Grupo Simec SAB de CV from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. ValuEngine upgraded Grupo Simec SAB de CV from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th.
A hedge fund recently raised its stake in Grupo Simec SAB de CV stock. Renaissance Technologies LLC raised its stake in Grupo Simec SAB de CV (NYSEMKT:SIM) by 1.2% during the fourth quarter, according to its most recent filing with the 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 SEC filing. 0.24% of the stock is currently owned by hedge funds and other institutional investors.
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Grupo Simec SAB de CV (SIM) remained flat at $10.99 on Friday. 86 shares of the company were exchanged. The firm has a 50-day moving average of $10.72 and a 200 day moving average of $11.84. Grupo Simec SAB de CV has a one year low of $7.20 and a one year high of $15.20. The firm has a market cap of $1.81 billion, a PE ratio of 22.43 and a beta of 1.11.
About Grupo Simec SAB de CV
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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