Grupo Simec (NYSEAMERICAN:SIM) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report) saw unusually-strong trading volume on Monday . Approximately 3,488 shares were traded during trading, an increase of 97% from the previous session’s volume of 1,772 shares.The stock last traded at $28.4950 and had previously closed at $30.03.

Grupo Simec Price Performance

The company has a fifty day moving average price of $27.87 and a 200 day moving average price of $27.61. The company has a market cap of $4.42 billion, a PE ratio of 26.33 and a beta of 0.25.

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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