Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $26.33, but opened at $23.60. Grupo Simec shares last traded at $26.00, with a volume of 339 shares.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Grupo Simec from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th.
View Our Latest Analysis on SIM
Grupo Simec Stock Performance
The firm has a market capitalization of $3.96 billion, a P/E ratio of 7.62 and a beta of 0.29.
Hedge Funds Weigh In On Grupo Simec
A hedge fund recently bought a new stake 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) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,899 shares of the basic materials company's stock, valued at approximately $212,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.
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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