Grupo Simec (NYSEAMERICAN:SIM) Sees Large Volume Increase – Still a Buy?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report) shares saw an uptick in trading volume on Wednesday . 1,563 shares changed hands during mid-day trading, an increase of 149% from the previous session’s volume of 628 shares.The stock last traded at $30.3250 and had previously closed at $29.83.

Grupo Simec Stock Performance

The stock has a market cap of $4.75 billion, a PE ratio of 28.34 and a beta of 0.26. The firm has a fifty day moving average price of $29.71 and a 200 day moving average price of $28.46.

About Grupo Simec

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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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