Grupo Simec (NYSEAMERICAN:SIM) Cut to "Hold" at StockNews.com

Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday.Grupo Simec Stock Up 2.3%SIM stock opened at $27.31 on Tuesday. The company has a market cap of $4.20 billion, a P/E ratio of 8.08 and a beta of 0.29. Grupo Simec has a 1-year low of $22.15 and a 1-year high of $33.78. The business has a 50 day simple moving average of $26.55. Hedge Funds Weigh In On Grupo SimecAn 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 - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,899 shares of the basic materials company's stock, valued at approximately $212,000. 0.17% of the stock is owned by institutional investors and hedge funds. About Grupo Simec (Get Free Report)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.See AlsoFive stocks we like better than Grupo SimecStock Market Sectors: What Are They and How Many Are There? 3 Huge S&P 500 Winners From Trump Trade Deal & The Biggest LoserElection Stocks: How Elections Affect the Stock MarketWhy SoundHound’s Growth and Zero Debt Are a Bullish SignalLow PE Growth Stocks: Unlocking Investment OpportunitiesBest Biotech Stocks to Buy in 2025This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Grupo Simec Right Now?Before you consider Grupo Simec, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Simec wasn't on the list.While Grupo Simec currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here