Posted by admin on Jun 15th, 2022
Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Rating)’s stock price traded down 6.6% during trading on Wednesday . The stock traded as low as $28.01 and last traded at $28.01. 1 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 4,390 shares. The stock had previously closed at $30.00.
The company has a market capitalization of $4.33 billion, a P/E ratio of 11.11 and a beta of 0.50.
An institutional investor recently raised its position in Grupo Simec stock. Morgan Stanley increased its position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Rating) by 34.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,496 shares of the basic materials company’s stock after purchasing an additional 1,149 shares during the period. Morgan Stanley’s holdings in Grupo Simec were worth $129,000 at the end of the most recent quarter. Institutional investors own 0.19% of the company’s stock.
Grupo Simec Company Profile (NYSEAMERICAN:SIM)
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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