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

Key Points

• Grupo Simec's share price gapped down from $26.80 to $25.81 before trading began on Friday, indicating potential volatility.
• The company's latest trading price is $27.44, with a market capitalization of $4.05 billion and a PE ratio of 13.58.
• Grupo Simec specializes in manufacturing and distributing various steel products, including special bar quality steel and steel alloys, primarily serving markets in North America and beyond.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - )'s share price gapped down prior to trading on Friday . The stock had previously closed at $26.80, but opened at $25.81. Grupo Simec shares last traded at $27.44, with a volume of 117 shares trading hands.

Grupo Simec Stock Performance

The firm's 50 day moving average price is $27.41 and its two-hundred day moving average price is $27.29. The firm has a market cap of $4.05 billion, a PE ratio of 13.58 and a beta of 0.25.

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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