Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $26.64, but opened at $26.03. Grupo Simec shares last traded at $26.75, with a volume of 2,051 shares traded.
Grupo Simec Stock Down 0.4 %
The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 7.88 and a beta of 0.29.
Hedge Funds Weigh In On Grupo Simec
A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. bought a new position in Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,899 shares of the basic materials company’s stock, valued at approximately $212,000. Institutional investors and hedge funds own 0.17% of the company’s stock.
About Grupo Simec
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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