Grupo Simec SAB de CV (NYSE:SIM) Getting Somewhat Favorable Media Coverage, Study Finds
Headlines about Grupo Simec SAB de CV (NYSE:SIM) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog 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 stories about the company an impact score of 45.5227366182287 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several brokerages have recently weighed in on SIM. Scotiabank upgraded shares of Grupo Simec SAB de CV from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $12.30 to $13.00 in a research report on Friday, June 9th. TheStreet upgraded shares of Grupo Simec SAB de CV from a “c” rating to a “b-” rating in a research report on Tuesday, May 30th.
Shares of Grupo Simec SAB de CV (NYSE:SIM) remained flat at $10.99 during mid-day trading on Friday. 86 shares of the stock traded hands. Grupo Simec SAB de CV has a one year low of $7.21 and a one year high of $15.20. The stock has a market capitalization of $1.81 billion and a price-to-earnings ratio of 22.43. The firm’s 50 day moving average price is $10.74 and its 200 day moving average price is $11.82.
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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