Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) saw an uptick in trading volume on Thursday . 1,136 shares were traded during trading, a decline of 27% from the previous session’s volume of 1,546 shares.The stock last traded at $26.69 and had previously closed at $25.83.
Grupo Simec Stock Down 2.2 %
The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 7.76 and a beta of 0.29.
Institutional Trading of Grupo Simec
A hedge fund recently bought a new stake in Grupo Simec stock. Banco BTG Pactual S.A. bought a new position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,899 shares of the basic materials company’s stock, valued at approximately $212,000. 0.17% of the stock is owned by institutional investors.
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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