Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $29.15 and traded as low as $26.40. Grupo Simec shares last traded at $26.40, with a volume of 453 shares traded.
Grupo Simec Price Performance
The stock has a 50 day moving average price of $29.15 and a two-hundred day moving average price of $29.93. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 22.00 and a beta of 0.15.
Grupo Simec Company Profile
Grupo Simec, SAB. de C.V. is a Mexico-based steel manufacturer listed on the NYSE American under the symbol SIM. The company operates electric-arc-furnace mini-mills that produce long steel products, using steel scrap and other ferrous materials as primary inputs.
Its product portfolio includes special bar quality steel, merchant bars, structural shapes, reinforcing bar, wire rod and other specialty steel products. These materials are used in industries such as automotive manufacturing, construction, machinery, energy and general industrial production.
Grupo Simec serves customers in Mexico and the United States through production and distribution operations in North America.
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