Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down – Time to Sell?

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIMGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $30.13, but opened at $28.90. Grupo Simec shares last traded at $28.90, with a volume of 897 shares trading hands.

Grupo Simec Trading Down 3.2%

The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 42.50 and a beta of 0.13. The company has a fifty day moving average price of $30.00 and a 200-day moving average price of $30.28.

About Grupo Simec

(Get Free Report)

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.

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