Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $27.61, but opened at $26.23. Grupo Simec shares last traded at $26.95, with a volume of 184 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut Grupo Simec from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th.
Get Our Latest Stock Report on SIM
Grupo Simec Stock Down 2.4%
The firm has a 50 day moving average price of $27.18. The stock has a market cap of $4.15 billion, a P/E ratio of 7.40 and a beta of 0.16.
Institutional Trading of Grupo Simec
An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. bought a new position in shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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
(
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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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