Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Up – Time to Buy?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $28.10, but opened at $30.00. Grupo Simec shares last traded at $32.0450, with a volume of 8,408 shares changing hands.

Grupo Simec Price Performance

The business’s 50-day moving average price is $27.66 and its two-hundred day moving average price is $27.55. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 28.02 and a beta of 0.25.

Grupo Simec Company Profile

(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.

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