Grupo Simec (NYSE:SIM) Shares Gap Up to $31.31

Grupo Simec, S.A.B. de C.V. (NYSE:SIMGet Rating)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $31.31, but opened at $33.00. Grupo Simec shares last traded at $33.00, with a volume of 1 shares changing hands.

Separately, StockNews.com began coverage on shares of Grupo Simec in a report on Thursday, March 31st. They set a “buy” rating on the stock.

The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 10.33 and a beta of 0.47.

Grupo Simec Company Profile (NYSE: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, 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 panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.

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