Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s share price was up 7.5% during trading on Friday. The stock traded as high as $29.70 and last traded at $29.50. Approximately 4,563 shares were traded during trading, a decline of 73% from the average daily volume of 17,213 shares. The stock had previously closed at $27.45.
Grupo Simec Trading Down 1.7%
The company’s 50 day simple moving average is $28.64 and its 200-day simple moving average is $29.67. The firm has a market cap of $4.52 billion, a P/E ratio of 24.50 and a beta of 0.15.
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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