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

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $13.01, but opened at $13.60. Sims Metal Management shares last traded at $13.54, with a volume of 1,345 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Sims Metal Management Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.66 and a quick ratio of 1.13. The firm has a 50-day moving average of $14.08 and a 200 day moving average of $11.53.

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.