Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down to $34.19

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIMGet Rating)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $34.19, but opened at $32.33. Grupo Simec shares last traded at $32.33, with a volume of 100 shares.

Grupo Simec Price Performance

The company has a market capitalization of $4.99 billion, a PE ratio of 10.96 and a beta of 0.38.

Grupo Simec (NYSEAMERICAN:SIMGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The basic materials company reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $664.10 million during the quarter. Grupo Simec had a return on equity of 21.86% and a net margin of 17.56%.

About Grupo Simec

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Grupo Simec, SAB. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.

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