Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up – What’s Next?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $17.06, but opened at $18.1212. Sims Metal Management shares last traded at $18.1212, with a volume of 337 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SMSMY. Zacks Research upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Jefferies Financial Group upgraded shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sims Metal Management presently has an average rating of “Hold”.

Sims Metal Management Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 1.51. The stock has a 50-day moving average price of $17.77 and a 200-day moving average price of $16.62.

Sims Metal Management Company Profile

Sims Metal Management, now known as Sims Limited, is a global metal recycling company headquartered in Sydney, Australia. The company collects, processes and trades recycled ferrous and non-ferrous metals, including steel, aluminum, copper and other recovered materials, which are supplied to manufacturers, steel mills and foundries.

Its operations include metal collection and processing, recycling of end-of-life vehicles and industrial equipment, and the recovery of metals from commercial, construction and demolition sources.