Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $29.51, but opened at $28.00. Grupo Simec shares last traded at $28.00, with a volume of 306 shares changing hands.
Grupo Simec Trading Down 5.1%
The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 23.33 and a beta of 0.15. The firm has a 50-day moving average of $28.65 and a 200 day moving average of $29.62.
About Grupo Simec
Grupo Simec, SAB. de C.V. is a Mexican steel manufacturer that produces long steel products for construction, industrial, automotive, and other applications. Its product portfolio includes special bar quality steel, merchant bars, structural shapes, reinforcing bars, wire rod, and related steel products.
The company operates through production and distribution facilities in Mexico and maintains operations in North America, including the United States and Canada. Its products are sold to customers in industries such as construction, machinery manufacturing, transportation, energy, and general industrial manufacturing.
Grupo Simec has developed its business through steelmaking, rolling, and processing operations and is part of the broader Industrias CH corporate group.
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