Grupo Simec (NYSEAMERICAN:SIM) Shares Up 0.7% - Time to Buy?

Key Points

• Grupo Simec's shares increased by 0.7% to $27.19 on Monday, despite a significant decrease in trading volume by 81% compared to the average session.
• The company, with a market capitalization of $4.18 billion, has a PE ratio of 14.02 and a beta of 0.25, reflecting stable performance.
• Grupo Simec primarily manufactures and distributes steel products in various markets, including the U.S., Brazil, and Canada, focusing on special bar quality steel and several steel alloys.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - ) shot up 0.7% on Monday . The company traded as high as $27.19 and last traded at $27.19. 134 shares changed hands during trading, a decline of 81% from the average session volume of 711 shares. The stock had previously closed at $27.00.

Grupo Simec Trading Up 0.7%

The firm's fifty day moving average is $27.33 and its 200-day moving average is $27.33. The stock has a market capitalization of $4.18 billion, a PE ratio of 14.02 and a beta of 0.25.

Grupo Simec Company Profile

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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