Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down to $33.00

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) shares gapped down before the market opened on Thursday . The stock had previously closed at $33.00, but opened at $31.00. Grupo Simec shares last traded at $31.00, with a volume of 254 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com raised Grupo Simec from a “hold” rating to a “buy” rating in a research note on Monday, February 12th.

Grupo Simec Trading Down 6.1 %

The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 17.42 and a beta of 0.36.

Grupo Simec (NYSEAMERICAN:SIM) last announced its earnings results on Tuesday, February 27th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $502.89 million for the quarter. Grupo Simec had a return on equity of 10.56% and a net margin of 12.72%.

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.