Grupo Simec (NYSEAMERICAN:SIM) Sees Large Volume Increase - Time to Buy?

Key Points

• Grupo Simec experienced a significant increase in trading volume, with 2,087 shares traded, marking a 257% rise from the previous session's volume of 584 shares.
• The company's stock closed at $27.75, up from the previous close of $26.80, indicating positive market movement.
• Grupo Simec has a market capitalization of $4.16 billion and a PE ratio of 13.92, highlighting its position in the steel manufacturing sector.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - ) saw strong trading volume on Monday . 2,087 shares traded hands during mid-day trading, an increase of 257% from the previous session's volume of 584 shares.The stock last traded at $27.75 and had previously closed at $26.80.

Grupo Simec Trading Down 2.0%

The firm has a 50 day simple moving average of $27.42 and a two-hundred day simple moving average of $27.30. The company has a market capitalization of $4.16 billion, a PE ratio of 13.92 and a beta of 0.25.

About Grupo Simec

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.

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