Grupo Simec (NYSEAMERICAN:SIM) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Grupo Simec's shares experienced a significant trading volume increase of 303%, going from 267 shares to approximately 1,077 shares traded.
• The stock price increased 4.0% to $28.41, compared to a previous closing price of $27.33.
• The company, with a market capitalization of $4.37 billion, specializes in manufacturing and distributing various steel products across multiple countries.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - ) shares saw unusually-strong trading volume on Monday . Approximately 1,077 shares traded hands during mid-day trading, an increase of 303% from the previous session's volume of 267 shares.The stock last traded at $28.41 and had previously closed at $27.33.

Grupo Simec Trading Up 4.0%

The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 14.65 and a beta of 0.20. The stock has a 50-day simple moving average of $27.60 and a 200-day simple moving average of $27.18.

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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