Free Trial

Grupo Simec (NYSEAMERICAN:SIM) Sees Large Volume Increase - Here's Why

Grupo Simec logo with Basic Materials background

Key Points

  • Grupo Simec shares experienced a significant trading volume increase of 205% on Monday, with 614 shares traded, compared to 201 in the previous session.
  • The stock price rose by 12.0%, closing at $28.00 after previously closing at $25.00.
  • Grupo Simec has a market cap of $4.31 billion and operates in the manufacturing and distribution of various steel products across multiple countries.
  • MarketBeat previews the top five stocks to own by October 1st.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) saw unusually-high trading volume on Monday . Approximately 614 shares traded hands during trading, an increase of 205% from the previous session's volume of 201 shares.The stock last traded at $28.00 and had previously closed at $25.00.

Grupo Simec Stock Performance

The firm's 50 day moving average is $27.60 and its two-hundred day moving average is $27.18. The stock has a market capitalization of $4.33 billion, a PE ratio of 14.49 and a beta of 0.20.

About Grupo Simec

(Get Free Report)

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.

Read More

Should You Invest $1,000 in Grupo Simec Right Now?

Before you consider Grupo Simec, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Simec wasn't on the list.

While Grupo Simec currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.