Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 2,137 shares changed hands during trading, an increase of 58% from the previous session's volume of 1,353 shares.The stock last traded at $25.70 and had previously closed at $22.15.
Analysts Set New Price Targets
Separately, StockNews.com lowered Grupo Simec from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 8th.
Get Our Latest Report on Grupo Simec
Grupo Simec Trading Down 0.1 %
The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 7.79 and a beta of 0.29.
Grupo Simec Company Profile
(
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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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