Sims Metal Management (OTCMKTS:SMSMY) Shares Down 9.7% – What’s Next?

Shares of Sims Metal Management Ltd. (OTCMKTS:SMSMY) fell 9.7% during trading on Friday. The company traded as low as $13.5150 and last traded at $13.5150. Approximately 602 shares traded hands during trading, a decline of 85% from the average session volume of 4,046 shares. The stock had previously closed at $14.97.

Sims Metal Management Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.00 and a current ratio of 1.53. The company’s fifty day simple moving average is $16.26 and its two-hundred day simple moving average is $16.18.

Sims Metal Management Company Profile

Sims Metal Management, now operating as Sims Limited, is a global metal recycling company that collects, processes and markets ferrous and nonferrous scrap metal. Its materials are sourced from industrial, commercial, construction, demolition and end-of-life consumer products, then processed for reuse by steel mills, foundries and other manufacturers.

The company also provides electronics recycling and asset recovery services. These activities include the collection, dismantling and responsible processing of end-of-life computers, telecommunications equipment, appliances and other electronic products, with an emphasis on recovering usable metals and managing regulated materials.

Founded in Australia in 1917, the company has expanded into an international recycling business serving customers and suppliers across Australia and New Zealand, North America, the United Kingdom and Europe.