Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Down – Here’s What Happened

Sims Metal Management Ltd. (OTCMKTS:SMSMY) shares gapped down prior to trading on Thursday . The stock had previously closed at $18.1212, but opened at $17.05. Sims Metal Management shares last traded at $17.05, with a volume of 208 shares changing hands.

Analyst Upgrades and Downgrades

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

Sims Metal Management Trading Down 0.2%

The business’s 50 day moving average price is $17.74 and its 200-day moving average price is $16.64. The company has a quick ratio of 0.95, a current ratio of 1.51 and a debt-to-equity ratio of 0.17.

Sims Metal Management Company Profile

Sims Metal Management, now known as Sims Limited, is a global metal recycling company headquartered in Sydney, Australia. The company collects, processes and trades recycled ferrous and non-ferrous metals, including steel, aluminum, copper and other recovered materials, which are supplied to manufacturers, steel mills and foundries.

Its operations include metal collection and processing, recycling of end-of-life vehicles and industrial equipment, and the recovery of metals from commercial, construction and demolition sources.