Grupo Simec (NYSEAMERICAN:SIM) Shares Down 3% - What's Next?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) shares fell 3% on Wednesday . The stock traded as low as $26.22 and last traded at $25.54. 123 shares traded hands during trading, a decline of 92% from the average session volume of 1,539 shares. The stock had previously closed at $26.33.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Grupo Simec from a "buy" rating to a "hold" rating in a research report on Sunday.

Grupo Simec Stock Performance

The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 7.29 and a beta of 0.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new position in Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.