Grupo Simec (NYSEAMERICAN:SIM) Sees Strong Trading Volume - Should You Buy?

Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) saw strong trading volume on Thursday . 1,136 shares traded hands during mid-day trading, a decline of 27% from the previous session's volume of 1,546 shares.The stock last traded at $26.69 and had previously closed at $25.83.

Grupo Simec Stock Down 1.6 %

The firm has a market capitalization of $4.04 billion, a P/E ratio of 7.76 and a beta of 0.29.

Institutional Investors Weigh In On Grupo Simec

An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new stake in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,899 shares of the basic materials company's stock, valued at approximately $212,000. Institutional investors and hedge funds own 0.17% of the company's stock.

About Grupo Simec

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.