Grupo Simec (NYSEAMERICAN:SIM) Shares Down 5.9% – Here’s Why

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s stock price traded down 5.9% during mid-day trading on Tuesday . The company traded as low as $24.00 and last traded at $25.00. 6,001 shares changed hands during trading, an increase of 300% from the average session volume of 1,501 shares. The stock had previously closed at $26.57.

Grupo Simec Stock Up 5.0 %

The company has a market cap of $4.14 billion, a PE ratio of 7.69 and a beta of 0.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new stake in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,899 shares of the basic materials company’s stock, valued at approximately $212,000. Institutional investors own 0.17% of the company’s stock.

Grupo Simec Company Profile

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.