Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) fell 12.1% on Friday . The company traded as low as $26.61 and last traded at $26.61. 994 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 20,505 shares. The stock had previously closed at $30.28.
Grupo Simec Stock Performance
The company’s 50 day moving average price is $29.56 and its 200-day moving average price is $30.12. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 22.18 and a beta of 0.15.
About Grupo Simec
Grupo Simec (NYSE American: SIM) is a Mexico‐based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company’s core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value‐added processing services to meet the precise specifications of fabricators and end users.
With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw‐material sourcing, steelmaking and downstream processing.
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