Posted by admin on Jun 18th, 2022
Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Rating)’s share price shot up 3.9% on Thursday . The stock traded as high as $30.62 and last traded at $30.51. 451 shares were traded during mid-day trading, a decline of 90% from the average session volume of 4,371 shares. The stock had previously closed at $29.37.
The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 10.74 and a beta of 0.50.
A hedge fund recently raised its stake in Grupo Simec stock. Morgan Stanley lifted its holdings 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 disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing. Institutional investors own 0.19% of the company’s stock.
About Grupo Simec (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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