Grupo Simec (NYSEAMERICAN:SIM) Sees Unusually-High Trading Volume – Time to Buy?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) shares saw an uptick in trading volume on Tuesday . 2,596 shares changed hands during mid-day trading, an increase of 172% from the previous session’s volume of 955 shares.The stock last traded at $30.22 and had previously closed at $30.01.

Grupo Simec Stock Up 0.4%

The firm’s 50 day simple moving average is $30.13 and its 200 day simple moving average is $30.13. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 44.31 and a beta of 0.16.

Grupo Simec (NYSEAMERICAN:SIM) last posted its quarterly earnings data on Saturday, February 14th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $442.30 million during the quarter. Grupo Simec had a net margin of 6.79% and a return on equity of 3.49%.

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.