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

Shares of Sims Metal Management Ltd. (OTCMKTS:SMSMY) gapped up before the market opened on Monday . The stock had previously closed at $12.10, but opened at $12.35. Sims Metal Management shares last traded at $12.4875, with a volume of 2,607 shares changing hands.

Sims Metal Management Stock Up 1.9%

The company’s fifty day simple moving average is $10.69 and its 200 day simple moving average is $10.06. 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 Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, October 27th. Investors of record on Thursday, October 2nd were given a dividend of $0.0688 per share. This represents a yield of 134.0%. The ex-dividend date was Wednesday, October 1st.

About Sims Metal Management

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.