Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down – Here’s What Happened

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $29.48, but opened at $27.00. Grupo Simec shares last traded at $28.60, with a volume of 712 shares trading hands.

Grupo Simec Price Performance

The firm has a market cap of $4.39 billion, a P/E ratio of 26.18 and a beta of 0.34. The company’s 50-day simple moving average is $28.25 and its 200 day simple moving average is $27.78.

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.

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