Grupo Simec (NYSEAMERICAN:SIM) Sees Strong Trading Volume - Here's Why

Key Points

• Grupo Simec saw a significant increase in trading volume, with 608 shares traded, marking a 27% rise from the previous session.
• The stock's current price is $27.44, up from a previous close of $25.20, indicating positive price movement.
• Grupo Simec has a market capitalization of $4.14 billion and a low beta of 0.25, suggesting lower volatility in its stock price compared to the market.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - ) shares saw an uptick in trading volume on Monday . 608 shares changed hands during trading, an increase of 27% from the previous session's volume of 479 shares.The stock last traded at $27.44 and had previously closed at $25.20.

Grupo Simec Price Performance

The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 13.85 and a beta of 0.25. The firm has a 50 day simple moving average of $27.51 and a 200-day simple moving average of $27.29.

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.

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