Grupo Simec (NYSEAMERICAN:SIM) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Shares of Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $29.15 and traded as low as $26.40. Grupo Simec shares last traded at $26.40, with a volume of 453 shares trading hands.

Grupo Simec Trading Down 0.4%

The stock has a 50 day moving average of $29.15 and a 200-day moving average of $29.93. The company has a market capitalization of $4.06 billion, a P/E ratio of 22.00 and a beta of 0.15.

About Grupo Simec

(Get Free Report)

Grupo Simec, SAB. de C.V. is a Mexico-based steel manufacturer listed on the NYSE American under the symbol SIM. The company operates electric-arc-furnace mini-mills that produce long steel products, using steel scrap and other ferrous materials as primary inputs.

Its product portfolio includes special bar quality steel, merchant bars, structural shapes, reinforcing bar, wire rod and other specialty steel products. These materials are used in industries such as automotive manufacturing, construction, machinery, energy and general industrial production.

Grupo Simec serves customers in Mexico and the United States through production and distribution operations in North America.

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