Sims Metal Management (OTCMKTS:SMSMY) Sees Strong Trading Volume – Time to Buy?

Sims Metal Management Ltd. (OTCMKTS:SMSMYGet Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 12,167 shares changed hands during mid-day trading, an increase of 116% from the previous session’s volume of 5,634 shares.The stock last traded at $12.95 and had previously closed at $14.55.

Sims Metal Management Stock Performance

The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $12.59 and a 200-day moving average of $10.65.

Sims Metal Management Company Profile

(Get Free Report)

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.

Further Reading

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