Grupo Simec (NYSEAMERICAN:SIM) Sees Large Volume Increase - What's Next?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) saw unusually-high trading volume on Monday . Approximately 2,814 shares changed hands 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.

Analysts Set New Price Targets

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

Grupo Simec Trading Up 1.6%

The stock has a market capitalization of $4.32 billion, a P/E ratio of 7.71 and a beta of 0.15. The business has a 50-day moving average of $27.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new stake in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 and hedge funds.

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.