Sims Metal Management (OTCMKTS:SMSMY) Shares Up 6.9% – Here’s Why

Sims Metal Management Ltd. (OTCMKTS:SMSMYGet Free Report)’s stock price traded up 6.9% during trading on Monday . The company traded as high as $15.50 and last traded at $15.50. 2,165 shares changed hands during trading, a decline of 57% from the average session volume of 5,078 shares. The stock had previously closed at $14.5025.

Sims Metal Management Stock Performance

The company’s fifty day simple moving average is $13.39 and its 200-day simple moving average is $10.98. The company has a quick ratio of 1.13, a current ratio of 1.66 and a debt-to-equity ratio of 0.20.

Sims Metal Management Company Profile

(Get Free Report)

Sims Metal Management, trading over-the-counter under the symbol SMSMY, is the global metal recycling division of Sims Limited. Established in the early 20th century, the company has grown into one of the world’s leading recyclers of ferrous and non-ferrous metals. It serves a diverse customer base, including steel mills, foundries, manufacturers and fabricators, by collecting, processing and trading scrap metal commodities.

The company’s core activities encompass the sourcing and processing of end-of-life metal products.

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