Grupo Simec (NYSEAMERICAN:SIM) Stock Rating Upgraded by StockNews.com

Grupo Simec (NYSEAMERICAN:SIM) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Grupo Simec Stock Performance

SIM stock opened at $27.00 on Thursday. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 7.99 and a beta of 0.29. Grupo Simec has a 52 week low of $22.15 and a 52 week high of $33.78.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. bought a new position in Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,899 shares of the basic materials company’s stock, valued at approximately $212,000. 0.17% of the stock is owned by institutional investors and hedge funds.

About Grupo Simec

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.