Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) shares traded down 5.9% during mid-day trading on Tuesday . The company traded as low as $24.00 and last traded at $25.00. 6,001 shares changed hands during mid-day trading, an increase of 300% from the average session volume of 1,501 shares. The stock had previously closed at $26.57.
Grupo Simec Stock Up 1.2 %
The company has a market capitalization of $4.05 billion, a P/E ratio of 7.78 and a beta of 0.29.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. acquired a new position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,899 shares of the basic materials company's stock, valued at approximately $212,000. 0.17% of the stock is owned by institutional investors.
About Grupo Simec
(
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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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