Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $27.49, but opened at $25.71. Grupo Simec shares last traded at $25.71, with a volume of 111 shares trading hands.
Grupo Simec Trading Down 2.6%
The company has a 50 day simple moving average of $28.25 and a 200 day simple moving average of $29.29. The stock has a market cap of $3.97 billion, a P/E ratio of 22.08 and a beta of 0.14.
About Grupo Simec
Grupo Simec, SAB. de C.V. is a steel manufacturer headquartered in Mexico. The company produces long steel products used in construction, infrastructure, manufacturing and industrial applications, including reinforcing bar, wire rod, merchant bar, structural shapes and special bar-quality steel.
Grupo Simec serves customers primarily in Mexico and the United States through a network of steelmaking, rolling and finishing facilities. Its products are sold to construction companies, steel service centers, distributors and manufacturers that require carbon, alloy and specialty steel products.
The company traces its origins to Mexico’s steel industry and has expanded its operations through the development and acquisition of production facilities in North America.
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