Posted by admin on Aug 5th, 2022
Grupo Simec (NYSE:SIM – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.
NYSE SIM remained flat at $30.41 on Thursday. 119 shares of the company’s stock traded hands, compared to its average volume of 1,412. Grupo Simec has a 12-month low of $21.01 and a 12-month high of $36.27. The company’s 50-day simple moving average is $30.32.
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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