Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $24.00, but opened at $25.96. Grupo Simec shares last traded at $25.95, with a volume of 1,662 shares changing hands.
Grupo Simec Stock Up 1.5 %
The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 7.71 and a beta of 0.29.
Hedge Funds Weigh In On Grupo Simec
A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. bought a new position in Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.
About Grupo Simec
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.
See Also
- Five stocks we like better than Grupo Simec
- Using the MarketBeat Dividend Tax Calculator
- 3 Undervalued Stocks You Can Buy at a Discount Now
- What Are Dividend Achievers? An Introduction
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- Buy P&G Now, Before It Sets A New All-Time High
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Receive News & Ratings for Grupo Simec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Simec and related companies with MarketBeat.com's FREE daily email newsletter.
