Grupo Simec (NYSEAMERICAN:SIM) Stock Price Down 4.3% - Here's What Happened

Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) fell 4.3% during trading on Monday . The stock traded as low as $26.23 and last traded at $26.43. 209 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,509 shares. The stock had previously closed at $27.61.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Grupo Simec from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th.

Grupo Simec Stock Down 0.9%

The company has a fifty day moving average of $27.29. The firm has a market capitalization of $4.32 billion, a P/E ratio of 7.70 and a beta of 0.15.

Hedge Funds Weigh In On Grupo Simec

An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. acquired a new stake in shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.

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.