Grupo Simec SAB de CV (SIM) Stock Rating Lowered by BidaskClub
Grupo Simec SAB de CV (NYSEMKT:SIM) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday.
Separately, ValuEngine raised Grupo Simec SAB de CV from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold”.
Grupo Simec SAB de CV (NYSEMKT SIM) opened at 10.28 on Tuesday. The stock has a 50 day moving average of $10.72 and a 200 day moving average of $10.99. The company has a market cap of $1.70 billion, a PE ratio of 20.77 and a beta of 1.11. Grupo Simec SAB de CV has a 52 week low of $9.29 and a 52 week high of $15.20.
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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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