Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $28.98, but opened at $30.44. Grupo Simec shares last traded at $29.21, with a volume of 2,070 shares changing hands.
Grupo Simec Stock Up 0.9%
The stock has a market capitalization of $4.46 billion, a P/E ratio of 26.82 and a beta of 0.26. The company has a 50 day moving average of $29.19 and a 200-day moving average of $28.16.
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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