Grupo Simec (NYSEAMERICAN:SIM) Stock Price Up 6.3% - Should You Buy?

Key Points

• Grupo Simec's stock price increased by 6.3% during trading, reaching a high of $29.06 after previously closing at $27.33.
• The company has a market capitalization of $4.34 billion and a PE ratio of 14.53, indicating its profitability relative to its stock price.
• Grupo Simec specializes in manufacturing and distributing a variety of steel products across multiple countries, including the United States and Brazil.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report)'s share price shot up 6.3% during trading on Friday . The company traded as high as $28.18 and last traded at $29.06. 506 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 1,861 shares. The stock had previously closed at $27.33.

Grupo Simec Stock Up 2.9%

The business has a 50 day simple moving average of $27.60 and a 200 day simple moving average of $27.18. The company has a market capitalization of $4.33 billion, a PE ratio of 14.49 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.