Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down – Time to Sell?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $29.70, but opened at $28.73. Grupo Simec shares last traded at $28.0940, with a volume of 1,139 shares.

Grupo Simec Stock Down 5.1%

The firm has a market cap of $4.34 billion, a P/E ratio of 25.87 and a beta of 0.34. The company’s 50 day simple moving average is $28.38 and its 200-day simple moving average is $27.82.

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.

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