Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Down – What’s Next?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $16.90, but opened at $15.58. Sims Metal Management shares last traded at $15.58, with a volume of 120 shares changing hands.

Analysts Set New Price Targets

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

Sims Metal Management Trading Down 7.8%

The firm’s 50-day moving average price is $17.71 and its 200 day moving average price is $16.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.00 and a current ratio of 1.53.

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.