Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up – Should You Buy?

Sims Metal Management Ltd. (OTCMKTS:SMSMY) shares gapped up before the market opened on Monday . The stock had previously closed at $17.53, but opened at $19.40. Sims Metal Management shares last traded at $19.40, with a volume of 182 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on SMSMY shares. Jefferies Financial Group upgraded Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, June 17th. Zacks Research upgraded shares of 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, the stock presently has a consensus rating of “Hold”.

Sims Metal Management Stock Performance

The company has a current ratio of 1.51, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $18.67 and its 200-day simple moving average is $15.91.

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.