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Grupo Simec (NYSEAMERICAN:SIM) Sees Unusually-High Trading Volume - Should You Buy?

Grupo Simec logo with Basic Materials background

Key Points

  • Grupo Simec's shares experienced an unusually high trading volume on Tuesday, with around 972 shares traded, marking a 334% increase from the prior session.
  • The stock has seen a 2.2% decline in price, closing at $27.35, down from a previous close of $27.96.
  • Wall Street Zen has downgraded Grupo Simec from a "buy" rating to a "hold" rating as of May 13th.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) saw an uptick in trading volume on Tuesday . 972 shares were traded during trading, an increase of 334% from the previous session's volume of 224 shares.The stock last traded at $27.35 and had previously closed at $27.96.

Grupo Simec Stock Up 8.4%

The business has a fifty day moving average price of $27.62. The firm has a market cap of $4.17 billion, a PE ratio of 13.97 and a beta of 0.20.

Grupo Simec Company Profile

(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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