Grupo Simec (NYSEAMERICAN:SIM) Upgraded at StockNews.com

StockNews.com upgraded shares of Grupo Simec (NYSEAMERICAN:SIM) from a hold rating to a buy rating in a report released on Thursday.

Grupo Simec Stock Performance

Shares of NYSEAMERICAN:SIM opened at $27.00 on Thursday. Grupo Simec has a one year low of $22.15 and a one year high of $33.78. The company has a market cap of $4.16 billion, a PE ratio of 7.99 and a beta of 0.29.

Hedge Funds Weigh In On Grupo Simec

An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. bought a new position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 7,899 shares of the basic materials company’s stock, valued at approximately $212,000. Institutional investors own 0.17% of the company’s stock.

Grupo Simec Company Profile

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.