Grupo Simec (NYSEAMERICAN:SIM) Sees Large Volume Increase – Should You Buy?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report) shares saw an uptick in trading volume on Tuesday . 4,543 shares changed hands during mid-day trading, an increase of 157% from the previous session’s volume of 1,767 shares.The stock last traded at $31.00 and had previously closed at $30.09.

Grupo Simec Stock Down 5.1%

The business has a 50-day simple moving average of $27.83 and a 200-day simple moving average of $27.59. The company has a market cap of $4.36 billion, a PE ratio of 26.02 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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