Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down - Here's What Happened

Key Points

• Grupo Simec's shares gapped down significantly before the market opened, dropping from a previous close of $28.00 to an opening price of $25.20.
• The company's market capitalization is $4.08 billion, with a price-to-earnings ratio of 13.68 and a beta of 0.25, indicating lower volatility compared to the market.
• Grupo Simec is involved in the manufacturing and distribution of various steel products, including special bar quality steel and steel alloys, servicing markets in Mexico, the U.S., and internationally.

Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - ) gapped down before the market opened on Thursday . The stock had previously closed at $28.00, but opened at $25.20. Grupo Simec shares last traded at $26.54, with a volume of 777 shares.

Grupo Simec Stock Performance

The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 13.68 and a beta of 0.25. The firm's fifty day simple moving average is $27.58 and its 200 day simple moving average is $27.28.

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.

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