Grupo Simec (NYSEAMERICAN:SIM) Sees Unusually-High Trading Volume – What’s Next?

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) shares saw strong trading volume on Wednesday . 834 shares changed hands during trading, a decline of 25% from the previous session’s volume of 1,108 shares.The stock last traded at $25.78 and had previously closed at $25.73.

Analyst Ratings Changes

Separately, StockNews.com cut Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

Grupo Simec Stock Down 1.4 %

The stock has a market cap of $3.97 billion, a PE ratio of 7.63 and a beta of 0.29.

Institutional Investors Weigh In On Grupo Simec

An institutional investor recently bought a new position in Grupo Simec stock. Banco BTG Pactual S.A. purchased a new stake in Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 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.

Grupo Simec Company Profile

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.