Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 66,999 shares changed hands during trading, an increase of 3,569% from the previous session’s volume of 1,826 shares.The stock last traded at $28.45 and had previously closed at $28.90.
Grupo Simec Stock Down 5.9%
The stock has a market capitalization of $4.18 billion, a PE ratio of 40.00 and a beta of 0.13. The business’s 50-day moving average is $29.98 and its two-hundred day moving average is $30.28.
Grupo Simec Company Profile
Grupo Simec (NYSE American: SIM) is a Mexico?based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company’s core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value?added processing services to meet the precise specifications of fabricators and end users.
With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw?material sourcing, steelmaking and downstream processing.
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