Grupo Simec (NYSEAMERICAN:SIM) Sees Strong Trading Volume – Here’s Why

Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) saw an uptick in trading volume on Thursday . 1,136 shares traded hands 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 Trading Up 0.3 %

The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 7.96 and a beta of 0.29.

Institutional Trading of Grupo Simec

An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,899 shares of the basic materials company’s stock, valued at approximately $212,000. Institutional investors 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.