Grupo Simec (NYSEAMERICAN:SIM) Sees Large Volume Increase – Time to Buy?

Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw unusually-strong trading volume on Tuesday . 2,596 shares changed hands during trading, an increase of 172% from the previous session’s volume of 955 shares.The stock last traded at $30.22 and had previously closed at $30.01.

Grupo Simec Price Performance

The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 44.31 and a beta of 0.16. The firm’s fifty day moving average price is $30.10 and its 200-day moving average price is $30.14.

Grupo Simec (NYSEAMERICAN:SIM) last released its quarterly earnings data on Saturday, February 14th. The basic materials company reported $0.26 earnings per share for the quarter. The company had revenue of $442.30 million for the quarter. Grupo Simec had a return on equity of 3.49% and a net margin of 6.79%.

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.