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Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down - What's Next?

Grupo Simec logo with Basic Materials background

Key Points

  • Grupo Simec's stock price gapped down from $27.79 to $26.76 prior to trading on Monday, closing at $26.90 with 598 shares traded.
  • Wall Street Zen downgraded Grupo Simec from a "buy" rating to a "hold" rating in a recent report.
  • The company has a market capitalization of $4.16 billion and a price-to-earnings ratio of 13.93.
  • Need better tools to track Grupo Simec? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $27.79, but opened at $26.76. Grupo Simec shares last traded at $26.90, with a volume of 598 shares traded.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on SIM

Grupo Simec Stock Performance

The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 14.16 and a beta of 0.16. The company has a 50 day moving average of $27.64.

Grupo Simec Company Profile

(Get Free Report)

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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