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

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) shares saw unusually-strong trading volume on Tuesday . Approximately 7,349 shares changed hands during trading, an increase of 815% from the previous session’s volume of 803 shares.The stock last traded at $29.8640 and had previously closed at $26.00.

Grupo Simec Price Performance

The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 27.40 and a beta of 0.34. The business has a fifty day moving average price of $28.74 and a two-hundred day moving average price of $27.92.

Grupo Simec Company Profile

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.