Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down – What’s Next?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $29.26, but opened at $28.10. Grupo Simec shares last traded at $28.05, with a volume of 217 shares changing hands.

Grupo Simec Price Performance

The stock has a market cap of $4.32 billion, a PE ratio of 25.78 and a beta of 0.25. The stock has a 50-day moving average price of $27.52 and a two-hundred day moving average price of $27.52.

About Grupo Simec

(Get Free Report)

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.

Further Reading

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