Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $30.28, but opened at $27.25. Grupo Simec shares last traded at $27.25, with a volume of 224 shares.
Grupo Simec Stock Down 9.2%
The business has a 50-day moving average price of $29.58 and a two-hundred day moving average price of $30.12. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 22.92 and a beta of 0.15.
About Grupo Simec
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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