Grupo Simec (NYSEAMERICAN:SIM) Shares Gap Down – Here’s What Happened

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s share price gapped down before the market opened on Monday . The stock had previously closed at $26.64, but opened at $26.03. Grupo Simec shares last traded at $26.75, with a volume of 2,051 shares.

Grupo Simec Stock Performance

The company has a market capitalization of $4.04 billion, a P/E ratio of 7.76 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 fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,899 shares of the basic materials company’s stock, valued at approximately $212,000. 0.17% of the stock is currently 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.