Grupo Simec (NYSEAMERICAN:SIM) Trading Up 0.3% - Here's Why

Key Points

• Grupo Simec's stock rose by 0.3% to reach $28.00, with trading volume increasing significantly to 920 shares, compared to the average of 366 shares.
• The company has a market capitalization of $4.31 billion and a price-to-earnings (PE) ratio of 14.43.
• Grupo Simec specializes in the manufacturing and distribution of special bar quality steel and various steel products across North America and Latin America.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - )'s stock price shot up 0.3% on Monday . The company traded as high as $28.00 and last traded at $28.00. 920 shares were traded during mid-day trading, an increase of 151% from the average session volume of 366 shares. The stock had previously closed at $27.92.

Grupo Simec Trading Up 0.3%

The business's 50-day simple moving average is $27.59 and its two-hundred day simple moving average is $27.27. The company has a market capitalization of $4.31 billion, a PE ratio of 14.43 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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