Grupo Simec SAB de CV (NYSE:SIM) Receiving Somewhat Positive Media Coverage, Report Finds

Media stories about Grupo Simec SAB de CV (NYSE:SIM) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Grupo Simec SAB de CV earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.7491441871919 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several brokerages recently issued reports on SIM. TheStreet upgraded Grupo Simec SAB de CV from a “c” rating to a “b-” rating in a research report on Tuesday, May 30th. Scotiabank raised Grupo Simec SAB de CV from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $12.30 to $13.00 in a research note on Friday, June 9th.

Shares of Grupo Simec SAB de CV (NYSE:SIM) opened at 11.73 on Friday. Grupo Simec SAB de CV has a 52 week low of $8.53 and a 52 week high of $15.20. The stock’s 50 day moving average price is $10.82 and its 200 day moving average price is $11.73. The stock has a market cap of $1.93 billion and a price-to-earnings ratio of 23.94.

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About Grupo Simec SAB de CV

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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