Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Up – Here’s What Happened

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) gapped up before the market opened on Monday . The stock had previously closed at $26.00, but opened at $30.49. Grupo Simec shares last traded at $29.79, with a volume of 7,349 shares traded.

Grupo Simec Stock Up 14.5%

The company has a market cap of $4.58 billion, a PE ratio of 27.32 and a beta of 0.34. The firm has a 50 day simple moving average of $28.79 and a 200-day simple moving average of $27.94.

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.