Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 1,723 shares were traded during trading, an increase of 191% from the previous session’s volume of 593 shares.The stock last traded at $30.2690 and had previously closed at $30.51.
Grupo Simec Stock Performance
The firm’s 50 day simple moving average is $29.35 and its 200-day simple moving average is $28.27. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 27.11 and a beta of 0.26.
Grupo Simec Company Profile
Grupo Simec (NYSE American: SIM) is a Mexico‐based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company’s core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value‐added processing services to meet the precise specifications of fabricators and end users.
With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw‐material sourcing, steelmaking and downstream processing.
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