Grupo Simec (NYSEAMERICAN:SIM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIMGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 2,137 shares changed hands during trading, an increase of 58% from the previous session’s volume of 1,353 shares.The stock last traded at $25.70 and had previously closed at $22.15.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Grupo Simec from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th.

Get Our Latest Stock Analysis on SIM

Grupo Simec Stock Performance

The company has a market cap of $3.95 billion, a PE ratio of 7.60 and a beta of 0.29.

Grupo Simec Company Profile

(Get Free Report)

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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