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

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.36, but opened at $9.33. Sims Metal Management shares last traded at $9.33, with a volume of 758 shares.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Sims Metal Management from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Sims Metal Management Stock Performance

The business has a 50-day moving average of $9.35 and a two-hundred day moving average of $9.77. The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20.

Sims Metal Management Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 2nd were paid a $0.0688 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a dividend yield of 134.0%.

Sims Metal Management Company Profile

Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally. The company operates through six segments: North America Metals, Investment in SA Recycling, Australia/New Zealand Metals, UK Metals, Global Trading, and Sims Lifecycle Services.