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

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) saw unusually-high trading volume on Friday . Approximately 1,457 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 1,556 shares.The stock last traded at $26.00 and had previously closed at $26.58.

Grupo Simec Trading Down 2.0 %

The company has a market capitalization of $3.98 billion, a P/E ratio of 7.65 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. bought a new position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,899 shares of the basic materials company’s stock, valued at approximately $212,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

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.