Grupo Simec (NYSEAMERICAN:SIM) Shares Down 4.3% - Time to Sell?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) traded down 4.3% during trading on Monday . The stock traded as low as $26.23 and last traded at $26.43. 209 shares were traded 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 Grupo Simec from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th.

Grupo Simec Trading Up 2.9%

The firm has a market capitalization of $4.16 billion, a P/E ratio of 7.42 and a beta of 0.16. The firm's 50 day moving average price is $27.21.

Institutional Investors Weigh In On Grupo Simec

A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. bought a new stake in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,899 shares of the basic materials company's stock, valued at approximately $212,000. 0.17% of the stock is currently owned by institutional investors.

About Grupo Simec

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.