Somewhat Positive Media Coverage Somewhat Unlikely to Impact Grupo Simec SAB de CV (NYSE:SIM) Share Price
Media coverage about Grupo Simec SAB de CV (NYSE:SIM) has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing 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 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.6081199771011 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of Grupo Simec SAB de CV from a “c” rating to a “b-” rating in a report on Tuesday, May 30th. Scotiabank upgraded shares of Grupo Simec SAB de CV from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $12.30 to $13.00 in a report on Friday, June 9th.
Shares of Grupo Simec SAB de CV (NYSE SIM) opened at 10.78 on Monday. Grupo Simec SAB de CV has a 12-month low of $7.00 and a 12-month high of $15.20. The company has a market cap of $1.78 billion and a price-to-earnings ratio of 21.47. The stock has a 50 day moving average of $10.70 and a 200 day moving average of $11.94.
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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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