Grupo Simec (NYSEAMERICAN:SIM) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Grupo Simec experienced a significant increase in trading volume, with approximately 920 shares traded representing a 151% surge from the previous day's volume.
• The stock is currently priced at $28.00 with a market capitalization of $4.18 billion and a price-to-earnings ratio of 14.00.
• Grupo Simec specializes in manufacturing and distributing various steel products, including I-beams, rebars, and electro-welded wire mesh across multiple countries.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - ) shares saw unusually-strong trading volume on Tuesday . Approximately 920 shares changed hands during mid-day trading, an increase of 151% from the previous session's volume of 366 shares.The stock last traded at $28.00 and had previously closed at $27.92.

Grupo Simec Price Performance

The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 14.00 and a beta of 0.20. The business's 50-day simple moving average is $27.59 and its two-hundred day simple moving average is $27.27.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.