Grupo Simec (NYSEAMERICAN:SIM) Sees Strong Trading Volume - Still a Buy?

Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) saw strong trading volume on Monday . 2,814 shares were traded during trading, an increase of 66% from the previous session's volume of 1,700 shares.The stock last traded at $28.12 and had previously closed at $28.30.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Grupo Simec from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th.

Grupo Simec Stock Down 0.7%

The stock has a market cap of $4.33 billion, a PE ratio of 7.72 and a beta of 0.15. The business's 50-day moving average price is $27.37.

Institutional Investors Weigh In On Grupo Simec

An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. bought a new position in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,899 shares of the basic materials company's stock, valued at approximately $212,000. 0.17% of the stock is currently owned by institutional investors.

Grupo Simec Company Profile

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.