News coverage about Grupo Simec SAB de CV (NYSE:SIM) has trended somewhat positive on Sunday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Grupo Simec SAB de CV earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.0901497112142 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Grupo Simec SAB de CV (NYSE SIM) traded up 1.69% during mid-day trading on Friday, hitting $10.85. 7,146 shares of the stock traded hands. The stock has a 50-day moving average price of $10.84 and a 200-day moving average price of $11.30. The stock has a market cap of $1.79 billion and a P/E ratio of 22.14. Grupo Simec SAB de CV has a 12 month low of $8.53 and a 12 month high of $15.20.
Several analysts have recently weighed in on the stock. TheStreet raised shares of Grupo Simec SAB de CV from a “c” rating to a “b-” rating in a research note on Tuesday, May 30th. Scotiabank raised shares of Grupo Simec SAB de CV from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $12.30 to $13.00 in a research note on Friday, June 9th.
Grupo Simec SAB de CV Company Profile
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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