
Grupo Simec (NYSEAMERICAN:SIM) Stock Price Down 7.1% - Should You Sell?

Shares of Grupo Simec (NYSEAMERICAN:SIM) fell 7.1% to $27.8850, with trading volume down 84% from the average. The company has a market cap of $4.38 billion and a P/E ratio of 26.10. Despite a Hold rating, analysts suggest better investment options. Grupo Simec manufactures and distributes steel products internationally.
Grupo Simec Price Performance
The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 26.10 and a beta of 0.25. The business has a fifty day moving average price of $27.87 and a two-hundred day moving average price of $27.61.
About Grupo Simec
(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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