Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s stock price traded down 5.7% during mid-day trading on Thursday . The company traded as low as $28.98 and last traded at $28.73. 482 shares changed hands during trading, a decline of 43% from the average session volume of 841 shares. The stock had previously closed at $30.48.
Grupo Simec Stock Performance
The company’s 50 day moving average price is $29.16 and its 200-day moving average price is $28.14. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 26.36 and a beta of 0.26.
About Grupo Simec
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.
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