Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 2,814 shares traded hands during trading, an increase of 66% from the previous session's volume of 1,700 shares.The stock last traded at $27.62 and had previously closed at $28.30.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Grupo Simec from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th.
Read Our Latest Report on Grupo Simec
Grupo Simec Trading Up 2.3%
The stock has a 50-day moving average of $27.34. The firm has a market capitalization of $4.45 billion, a PE ratio of 7.76 and a beta of 0.15.
Hedge Funds Weigh In On Grupo Simec
An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new position in shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,899 shares of the basic materials company's stock, valued at approximately $212,000. 0.17% of the stock is owned by institutional investors and hedge funds.
Grupo Simec Company Profile
(
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.
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