Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $24.30, but opened at $24.90. Grupo Simec shares last traded at $26.30, with a volume of 2,121 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com lowered Grupo Simec from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th.
Read Our Latest Stock Report on SIM
Grupo Simec Stock Up 2.6 %
The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 7.86 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. acquired a new position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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
(
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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