Grupo Simec (NYSEAMERICAN:SIM) Shares Down 4.1% - Should You Sell?

Key Points

• Grupo Simec's stock price decreased by 4.1%, trading as low as $28.00 before closing at $26.77.
• The company has a market capitalization of $4.25 billion and a P/E ratio of 14.22.
• Grupo Simec manufactures a variety of steel products, including I-beams, channels, and rebar, primarily serving markets in Mexico and the U.S.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - )'s stock price traded down 4.1% during mid-day trading on Wednesday . The stock traded as low as $28.00 and last traded at $26.77. 920 shares traded hands during mid-day trading, an increase of 121% from the average session volume of 417 shares. The stock had previously closed at $27.92.

Grupo Simec Stock Down 1.2%

The company has a market cap of $4.25 billion, a P/E ratio of 14.22 and a beta of 0.20. The firm has a 50 day moving average of $27.59 and a 200-day moving average of $27.28.

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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