Grupo Simec (NYSEAMERICAN:SIM) Stock Price Up 0.1% – Time to Buy?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) rose 0.1% during mid-day trading on Monday . The stock traded as high as $30.05 and last traded at $30.05. Approximately 137 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 332 shares. The stock had previously closed at $30.01.

Grupo Simec Price Performance

The company has a market cap of $4.62 billion, a price-to-earnings ratio of 44.18 and a beta of 0.16. The firm’s 50 day simple moving average is $30.28 and its 200-day simple moving average is $30.05.

Grupo Simec (NYSEAMERICAN:SIM) last released its quarterly earnings data on Saturday, February 14th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. Grupo Simec had a net margin of 6.79% and a return on equity of 3.49%. The company had revenue of $442.30 million during the quarter.

About Grupo Simec

Grupo Simec (NYSE American: SIM) is a Mexico‐based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company’s core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value‐added processing services to meet the precise specifications of fabricators and end users.

With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw‐material sourcing, steelmaking and downstream processing.