Grupo Simec (NYSEAMERICAN:SIM) Trading Up 6.9% – Here’s Why

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report)’s stock price rose 6.9% during mid-day trading on Friday . The company traded as high as $29.48 and last traded at $30.99. Approximately 959 shares traded hands during trading, a decline of 46% from the average daily volume of 1,774 shares. The stock had previously closed at $28.99.

Grupo Simec Stock Performance

The stock has a market capitalization of $4.44 billion, a P/E ratio of 26.49 and a beta of 0.25. The stock has a 50 day moving average of $27.98 and a 200 day moving average of $27.67.

About Grupo Simec

(Get Free Report)

Grupo Simec, SAB. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.

Read More

Receive News & Ratings for Grupo Simec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Simec and related companies with MarketBeat.com's FREE daily email newsletter.