On 11/20/23, Grupo Simec SA de C.V. (NYSEAMERICAN: SIM) stock suffered a major decline of -11.5%, closing at $31.00. The stock has performed in line with the market over the last nine months and has declined -6.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SIM is expected to continue to be a Value Builder.
Grupo Simec SA De has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Grupo Simec SA De has a slightly positive Appreciation Score of 62 and a slightly positive Power Rating of 65, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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