Separately, Zacks Investment Research cut Grupo Simec SAB de CV from a buy rating to a hold rating in a report on Wednesday, July 27th.
Grupo Simec SAB de CV (NYSE:SIM) opened at 9.20 on Monday. Grupo Simec SAB de CV has a 12 month low of $5.93 and a 12 month high of $10.26. The company has a market cap of $1.49 billion and a price-to-earnings ratio of 10.55. The company’s 50-day moving average is $8.95 and its 200 day moving average is $8.33.
Grupo Simec SAB de CV Company Profile
Grupo Simec SAB de CV (Simec) is a Mexico-based holding company primarily engaged, together with its subsidiaries, in the steel industry. The Company’s activities include the manufacture, processing and distribution of special bar quality (SBQ) steel and structural steel products. Its SBQ products are used across a range of engineered end-user applications, such as axles, hubs and crankshafts for automobiles and light trucks, machine tools and off-highway equipment.
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