Grupo Simec, S.A.B. de C.V. (NYSE:SIM – Get 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, 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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- Get a free copy of the StockNews.com research report on Grupo Simec (SIM)
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