Sims Metal Management (OTCMKTS:SMSMY) Sees Large Volume Increase – Time to Buy?

Sims Metal Management Ltd. (OTCMKTS:SMSMYGet Free Report) saw an uptick in trading volume on Monday . 8,690 shares traded hands during trading, an increase of 3% from the previous session’s volume of 8,400 shares.The stock last traded at $12.60 and had previously closed at $12.50.

Sims Metal Management Stock Up 3.2%

The company’s fifty day moving average is $11.29 and its 200-day moving average is $10.24. 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 Company Profile

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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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