Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $17.30, but opened at $18.30. Sims Metal Management shares last traded at $18.30, with a volume of 501 shares changing hands.
Analyst Ratings Changes
Several research firms have weighed in on SMSMY. Jefferies Financial Group upgraded Sims Metal Management from a “moderate sell” rating to a “hold” rating in a 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 given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.
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Sims Metal Management Price Performance
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.
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