Grupo Simec (NYSEAMERICAN:SIM) Trading Down 3.7% – Should You Sell?

Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) traded down 3.7% on Wednesday . The stock traded as low as $25.78 and last traded at $25.00. 451 shares changed hands during trading, a decline of 71% from the average session volume of 1,540 shares. The stock had previously closed at $25.96.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Grupo Simec from a “buy” rating to a “hold” rating in a report on Sunday.

Grupo Simec Stock Performance

The firm has a market cap of $4.20 billion, a P/E ratio of 8.08 and a beta of 0.29.

Institutional Trading of Grupo Simec

An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. bought a new position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,899 shares of the basic materials company’s stock, valued at approximately $212,000. 0.17% of the stock is owned by institutional investors and hedge funds.

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.