Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as $24.70 and last traded at $24.70, with a volume of 2,711 shares traded. The stock had previously closed at $25.86.
Grupo Simec Stock Performance
The firm has a fifty day simple moving average of $28.01 and a 200-day simple moving average of $29.62. The company has a market capitalization of $3.80 billion, a PE ratio of 20.58 and a beta of 0.14.
Grupo Simec Company Profile
Grupo Simec, SAB. de C.V. is a steel manufacturer headquartered in Mexico. The company produces long steel products used in construction, infrastructure, manufacturing and industrial applications, including reinforcing bar, wire rod, merchant bar, structural shapes and special bar-quality steel.
Grupo Simec serves customers primarily in Mexico and the United States through a network of steelmaking, rolling and finishing facilities. Its products are sold to construction companies, steel service centers, distributors and manufacturers that require carbon, alloy and specialty steel products.
The company traces its origins to Mexico’s steel industry and has expanded its operations through the development and acquisition of production facilities in North America.
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