Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s stock price traded up 8.4% during mid-day trading on Friday . The stock traded as high as $29.80 and last traded at $29.80. Approximately 172 shares traded hands during trading, a decline of 99% from the average session volume of 21,914 shares. The stock had previously closed at $27.50.
Grupo Simec Price Performance
The firm has a market cap of $4.58 billion, a P/E ratio of 24.83 and a beta of 0.15. The company’s 50 day moving average is $29.60 and its two-hundred day moving average is $30.16.
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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