Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s share price gapped down prior to trading 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 changing hands.
Grupo Simec Trading Down 5.5%
The firm has a 50-day simple moving average of $28.74 and a two-hundred day simple moving average of $29.73. The company has a market capitalization of $4.00 billion, a price-to-earnings 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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