Posted by admin on Jun 14th, 2022
Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Rating) gapped down prior to trading on Tuesday . The stock had previously closed at $33.00, but opened at $29.88. Grupo Simec shares last traded at $29.82, with a volume of 200 shares traded.
The stock has a market capitalization of $4.70 billion, a P/E ratio of 12.22 and a beta of 0.50.
A hedge fund recently raised its stake in Grupo Simec stock. Morgan Stanley grew its stake in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Rating) by 34.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,496 shares of the basic materials company’s stock after purchasing an additional 1,149 shares during the quarter. Morgan Stanley’s holdings in Grupo Simec were worth $129,000 at the end of the most recent quarter. Institutional investors and hedge funds 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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