Grupo Simec SAB de CV (NYSEMKT:SIM) Lowered to “Hold” at BidaskClub

Grupo Simec SAB de CV (NYSEMKT:SIM) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday, September 6th.

Separately, ValuEngine cut Grupo Simec SAB de CV from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Grupo Simec SAB de CV presently has an average rating of “Hold” and a consensus price target of $13.00.

Shares of Grupo Simec SAB de CV (NYSEMKT:SIM) traded down 1.27% during mid-day trading on Wednesday, reaching $10.14. 51 shares of the company traded hands. The company’s 50 day moving average is $10.85 and its 200 day moving average is $11.34. Grupo Simec SAB de CV has a 52-week low of $8.53 and a 52-week high of $15.20. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 20.69 and a beta of 1.11.

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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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