Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 1,410 shares were traded during mid-day trading, an increase of 8% from the previous session's volume of 1,307 shares.The stock last traded at $24.51 and had previously closed at $26.30.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Grupo Simec from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th.
Check Out Our Latest Stock Analysis on Grupo Simec
Grupo Simec Stock Performance
The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 7.73 and a beta of 0.29.
Institutional Investors Weigh In On Grupo Simec
A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. bought a new position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,899 shares of the basic materials company's stock, valued at approximately $212,000. Institutional investors own 0.17% of the company's stock.
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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