Grupo Simec (NYSEAMERICAN:SIM) Shares Up 6.9% – Here’s What Happened

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report)’s stock price traded up 6.9% on Friday . The stock traded as high as $29.48 and last traded at $30.99. 959 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 1,774 shares. The stock had previously closed at $28.99.

Grupo Simec Stock Down 0.4%

The business has a 50-day moving average price of $27.96 and a 200-day moving average price of $27.66. The firm has a market capitalization of $4.44 billion, a PE ratio of 26.49 and a beta of 0.25.

Grupo Simec Company Profile

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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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