Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $27.79, but opened at $29.00. Grupo Simec shares last traded at $28.03, with a volume of 100 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Grupo Simec from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th.
Read Our Latest Report on SIM
Grupo Simec Stock Performance
The firm has a 50 day moving average price of $27.47. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 7.71 and a beta of 0.15.
Hedge Funds Weigh In On Grupo Simec
An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. acquired a new stake in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,899 shares of the basic materials company's stock, valued at approximately $212,000. 0.17% of the stock is currently owned by hedge funds and other institutional investors.
About Grupo Simec
(
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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