Grupo Simec SAB de CV (SIM) Given Average Rating of “Hold” by Brokerages
Shares of Grupo Simec SAB de CV (NYSEMKT:SIM) have been given an average recommendation of “Hold” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
A number of equities analysts have recently issued reports on SIM shares. BidaskClub upgraded shares of Grupo Simec SAB de CV from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine upgraded shares of Grupo Simec SAB de CV from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th.
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Grupo Simec SAB de CV (SIM) remained flat at $10.99 during trading on Friday. 86 shares of the company traded hands. The firm has a market capitalization of $1.81 billion, a PE ratio of 22.43 and a beta of 1.11. Grupo Simec SAB de CV has a one year low of $7.20 and a one year high of $15.20. The company has a 50 day moving average price of $10.72 and a 200 day moving average price of $11.84.
A hedge fund recently raised its stake in Grupo Simec SAB de CV stock. Renaissance Technologies LLC increased its stake in Grupo Simec SAB de CV (NYSEMKT:SIM) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,700 shares of the basic materials company’s stock after buying an additional 2,600 shares during the period. Renaissance Technologies LLC owned approximately 0.13% of Grupo Simec SAB de CV worth $3,039,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.24% of the company’s stock.
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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