Grupo Simec (NYSEAMERICAN:SIM) Stock Price Up 20.1% – Here’s Why

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM)’s stock price shot up 20.1% during trading on Wednesday . The stock traded as high as $31.06 and last traded at $31.22. 7,349 shares changed hands during trading, an increase of 1,129% from the average session volume of 598 shares. The stock had previously closed at $26.00.

Grupo Simec Stock Performance

The company has a market cap of $4.62 billion, a P/E ratio of 27.53 and a beta of 0.34. The company has a fifty day moving average price of $28.47 and a two-hundred day moving average price of $27.85.

Grupo Simec Company Profile

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.