Sims Metal Management (OTCMKTS:SMSMY) Upgraded to “Moderate Buy” at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Sims Metal Management (OTCMKTS:SMSMY) from a hold rating to a moderate buy rating in a research note released on Wednesday,Zacks.com reports.

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

Sims Metal Management Price Performance

SMSMY opened at $14.05 on Wednesday. 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 business has a fifty day simple moving average of $14.12 and a 200-day simple moving average of $11.58. Sims Metal Management has a fifty-two week low of $7.30 and a fifty-two week high of $16.95.

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.