Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $26.40, but opened at $29.00. Grupo Simec shares last traded at $29.00, with a volume of 870 shares.
Grupo Simec Trading Up 14.7%
The stock has a market cap of $4.65 billion, a PE ratio of 25.23 and a beta of 0.15. The firm has a fifty day simple moving average of $29.08 and a two-hundred day simple moving average of $29.88.
About Grupo Simec
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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