Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) saw an uptick in trading volume on Wednesday . 1,346 shares changed hands during mid-day 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.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Grupo Simec from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th.
Get Our Latest Stock Analysis on Grupo Simec
Grupo Simec Stock Performance
The stock's fifty day moving average price is $26.97. The firm has a market cap of $4.18 billion, a P/E ratio of 8.03 and a beta of 0.29.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. acquired a new stake in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,899 shares of the basic materials company's stock, valued at approximately $212,000. Institutional investors and hedge funds own 0.17% of the company's stock.
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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