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

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM)’s stock price gapped down prior to trading 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 trading hands.

Grupo Simec Stock Performance

The firm has a market capitalization of $4.04 billion, a P/E ratio of 7.76 and a beta of 0.29.

Hedge Funds Weigh In On 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) during the 4th quarter, according to its most recent disclosure with the 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.

About Grupo Simec

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.