Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s share price traded up 7.1% during trading on Thursday . The stock traded as high as $29.00 and last traded at $31.3440. 339 shares were traded during trading, a decline of 40% from the average session volume of 563 shares. The stock had previously closed at $29.27.
Grupo Simec Price Performance
The stock’s 50 day simple moving average is $29.45 and its two-hundred day simple moving average is $28.32. The company has a market capitalization of $4.59 billion, a P/E ratio of 27.43 and a beta of 0.26.
About Grupo Simec
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.
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