Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 22,293 shares changed hands during mid-day trading, an increase of 1,245% from the previous session's volume of 1,657 shares.The stock last traded at $27.40 and had previously closed at $26.23.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of Grupo Simec from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th.
Read Our Latest Report on SIM
Grupo Simec Trading Up 0.0%
The firm has a fifty day simple moving average of $27.25. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 7.78 and a beta of 0.15.
Institutional Investors 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 Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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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