Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s stock price reached a new 52-week low on Thursday. The stock traded as low as $24.70 and last traded at $24.70, with a volume of 2,711 shares trading hands. The stock had previously closed at $25.86.
Grupo Simec Stock Up 3.8%
The stock has a market cap of $3.94 billion, a P/E ratio of 20.36 and a beta of 0.14. The business’s 50 day simple moving average is $27.82 and its two-hundred day simple moving average is $29.57.
Grupo Simec Company Profile
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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