Grupo Simec (NYSEAMERICAN:SIM) Stock Price Up 7.2% - Should You Buy?

Key Points

• Grupo Simec's shares increased by 7.2% on Friday, rising from a previous close of $25.00 to $26.81.
• Trading volume surged by 221%, with approximately 614 shares traded, compared to an average of 191 shares.
• The company specializes in manufacturing and distributing special bar quality steel and related products across multiple countries including Mexico and the U.S.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s stock price rose 7.2% during mid-day trading on Friday . The company traded as high as $28.06 and last traded at $26.81. Approximately 614 shares were traded during mid-day trading, an increase of 221% from the average daily volume of 191 shares. The stock had previously closed at $25.00.

Grupo Simec Price Performance

The company has a market cap of $4.31 billion, a PE ratio of 14.39 and a beta of 0.20. The stock's fifty day simple moving average is $27.62.

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.