Grupo Simec (NYSEAMERICAN:SIM) Trading Up 6.6% - Still a Buy?

Key Points

• Grupo Simec shares increased by 6.6% on Tuesday, reaching a last trading price of $26.88 after previously closing at $25.20.
• The stock has a market capitalization of $4.22 billion and a price-to-earnings ratio of 14.14.
• Grupo Simec specializes in the manufacturing, processing, and distribution of special bar quality steel and related products in various international markets.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - ) shares were up 6.6% on Tuesday . The stock traded as high as $28.20 and last traded at $26.88. Approximately 608 shares changed hands during trading, an increase of 27% from the average daily volume of 479 shares. The stock had previously closed at $25.20.

Grupo Simec Trading Up 8.9%

The company has a fifty day moving average of $27.48 and a two-hundred day moving average of $27.29. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 14.14 and a beta of 0.25.

About Grupo Simec

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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