Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $26.00, but opened at $28.00. Grupo Simec shares last traded at $29.90, with a volume of 987 shares changing hands.
Grupo Simec Stock Up 8.9%
The stock has a market capitalization of $4.59 billion, a PE ratio of 24.92 and a beta of 0.15. The business’s 50-day moving average is $28.64 and its two-hundred day moving average is $29.68.
Grupo Simec Company Profile
Grupo Simec, SAB. de C.V. is a Mexico-based steel manufacturer listed on the NYSE American under the symbol SIM. The company operates electric-arc-furnace mini-mills that produce long steel products, using steel scrap and other ferrous materials as primary inputs.
Its product portfolio includes special bar quality steel, merchant bars, structural shapes, reinforcing bar, wire rod and other specialty steel products. These materials are used in industries such as automotive manufacturing, construction, machinery, energy and general industrial production.
Grupo Simec serves customers in Mexico and the United States through production and distribution operations in North America.
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