Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up – Here’s What Happened

Sims Metal Management Ltd. (OTCMKTS:SMSMY) gapped up prior to trading on Tuesday . The stock had previously closed at $14.2350, but opened at $15.15. Sims Metal Management shares last traded at $14.58, with a volume of 13,458 shares.

Analyst Ratings Changes

Several equities research analysts have issued reports on SMSMY shares. The Goldman Sachs Group raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada raised Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Sims Metal Management Trading Down 8.6%

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 business’s 50-day simple moving average is $14.34 and its 200 day simple moving average is $11.78.

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.