Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $27.50, but opened at $26.00. Grupo Simec shares last traded at $26.00, with a volume of 876 shares traded.
Grupo Simec Trading Down 5.5%
The firm has a 50-day moving average of $28.74 and a two-hundred day moving average of $29.73. The firm has a market capitalization of $4.00 billion, a PE ratio of 21.67 and a beta of 0.15.
Grupo Simec Company Profile
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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