Grupo Simec (NYSEAMERICAN:SIM) Trading Down 3.8% - What's Next?

Key Points

• Grupo Simec's shares decreased by 3.8% on Wednesday, trading as low as $27.00 before closing at $26.50 amid increased trading volume.
• The company, with a market capitalization of $4.08 billion, specializes in manufacturing and distributing various steel products across multiple countries, including the U.S. and Brazil.
• Grupo Simec has a price-to-earnings ratio of 13.66 and a stable beta of 0.25, indicating lower volatility compared to the market.

Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - ) fell 3.8% on Wednesday . The stock traded as low as $27.00 and last traded at $26.50. 2,657 shares were traded during mid-day trading, an increase of 273% from the average session volume of 713 shares. The stock had previously closed at $27.55.

Grupo Simec Stock Down 3.8%

The firm has a 50 day moving average of $27.40 and a 200 day moving average of $27.30. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 13.66 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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