Sims Metal Management (OTCMKTS:SMSMY) Sees Unusually-High Trading Volume – Here’s What Happened

Sims Metal Management Ltd. (OTCMKTS:SMSMY) shares saw unusually-high trading volume on Thursday . 8,217 shares traded hands during mid-day trading, an increase of 71% from the previous session’s volume of 4,801 shares.The stock last traded at $16.27 and had previously closed at $16.90.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Zacks Research upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Jefferies Financial Group upgraded Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Sims Metal Management Price Performance

The firm has a 50-day moving average of $18.52 and a two-hundred day moving average of $16.27. The company has a current ratio of 1.51, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17.

Sims Metal Management Company Profile

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.