Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $26.70, but opened at $27.62. Grupo Simec shares last traded at $27.87, with a volume of 1,159 shares changing hands.
Analyst Ratings Changes
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.
View Our Latest Report on Grupo Simec
Grupo Simec Stock Performance
The stock has a market cap of $4.29 billion, a PE ratio of 8.24 and a beta of 0.29. The business's 50 day moving average price is $26.83.
Institutional Investors Weigh In On Grupo Simec
An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new stake in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,899 shares of the basic materials company's stock, valued at approximately $212,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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