Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) dropped 12.1% during mid-day trading on Friday . The company traded as low as $26.61 and last traded at $26.61. Approximately 994 shares changed hands during trading, a decline of 95% from the average session volume of 20,505 shares. The stock had previously closed at $30.28.
Grupo Simec Price Performance
The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 22.18 and a beta of 0.15. The business has a fifty day moving average price of $29.56 and a 200 day moving average price of $30.12.
About Grupo Simec
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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