Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $25.93, but opened at $25.07. Grupo Simec shares last traded at $25.22, with a volume of 861 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com downgraded Grupo Simec from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th.
Get Our Latest Stock Analysis on SIM
Grupo Simec Price Performance
The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 7.64 and a beta of 0.29.
Institutional Trading of Grupo Simec
A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,899 shares of the basic materials company's stock, valued at approximately $212,000. Hedge funds and other institutional investors own 0.17% of the company's stock.
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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