Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) saw strong trading volume on Wednesday . 1,346 shares were traded during trading, a decline of 8% from the previous session's volume of 1,471 shares.The stock last traded at $26.83 and had previously closed at $27.40.
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.
Read Our Latest Research Report on SIM
Grupo Simec Stock Up 0.2%
The firm has a fifty day simple moving average of $26.93. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 8.12 and a beta of 0.29.
Institutional Investors Weigh In On Grupo Simec
A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new stake in Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.
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.
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