Grupo Simec (NYSEAMERICAN:SIM) Shares Up 7.2% - What's Next?

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 - )'s share price rose 7.2% during trading on Friday . The stock traded as high as $28.06 and last traded at $26.81. Approximately 614 shares traded hands during trading, an increase of 221% from the average daily volume of 191 shares. The stock had previously closed at $25.00.

Grupo Simec Stock Performance

The firm's 50 day simple moving average is $27.64. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 13.82 and a beta of 0.20.

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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