Grupo Simec (NYSEAMERICAN:SIM) Stock Rating Lowered by StockNews.com

Grupo Simec (NYSEAMERICAN:SIM) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

Grupo Simec Stock Up 2.0 %

NYSEAMERICAN SIM opened at $26.00 on Tuesday. Grupo Simec has a 1 year low of $25.03 and a 1 year high of $34.29. The firm has a market cap of $4.01 billion, a P/E ratio of 8.44 and a beta of 0.29.

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.