Grupo Simec (NYSEAMERICAN:SIM) Sees Strong Trading Volume – Here’s Why

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIMGet Free Report) shares saw strong trading volume on Tuesday . 1,410 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 1,307 shares.The stock last traded at $24.51 and had previously closed at $26.30.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

Read Our Latest Stock Analysis on SIM

Grupo Simec Stock Performance

The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 7.41 and a beta of 0.29.

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.

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