Grupo Simec S.A. De (SIM) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Grupo Simec S.A. De (NYSE:SIM) announced its earnings results on Wednesday. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.06, AmericanBankingNews.com reports.
Grupo Simec S.A. De (NYSE:SIM) opened at 14.41 on Wednesday. Grupo Simec S.A. De has a 52-week low of $10.23 and a 52-week high of $15.17. The stock has a 50-day moving average of $14.50 and a 200-day moving average of $12.67. The company has a market cap of $2.366 billion and a P/E ratio of 22.51. Grupo Simec S.A. De also was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 72,296 shares, a decline of 45.8% from the July 15th total of 133,410 shares. Based on an average daily volume of 13,184 shares, the short-interest ratio is presently 5.5 days. Approximately 0.0% of the shares of the company are sold short.
Grupo Simec SAB de CV (NYSE:SIM) is a Mexico-based holding company that, along with its subsidiaries, is principally engaged in the steel industry.
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