Grupo Simec (NYSEAMERICAN:SIM) Sets New 52-Week High – What’s Next?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report)’s share price hit a new 52-week high on Friday . The company traded as high as $34.00 and last traded at $33.10, with a volume of 4658 shares traded. The stock had previously closed at $28.10.

Grupo Simec Trading Up 7.7%

The company’s 50-day moving average is $27.59 and its 200-day moving average is $27.53. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 27.78 and a beta of 0.25.

About Grupo Simec

(Get Free Report)

Grupo Simec, SAB. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.

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