Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Grupo Simec SA de C.V. (NYSEAMERICAN: SIM) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Grupo Simec SA de C.V. (NYSEAMERICAN: SIM) stock closed at $33.00 on 1/5/24 after a large increase of 4.7%. However, exceptionally low trading volume at 0% of normal accompanied the advance. The stock has risen 2.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
SIM is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Grupo Simec SA De has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Grupo Simec SA De has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 68, and the High Neutral Value Trend Rating results.
Be the first to comment