Sims Metal Management (OTCMKTS:SMSMY) Rating Lowered to “Strong Sell” at Zacks Research

Sims Metal Management (OTCMKTS:SMSMY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also issued reports on the company. The Goldman Sachs Group upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada upgraded Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, March 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sims Metal Management has a consensus rating of “Hold”.

Sims Metal Management Stock Performance

Shares of OTCMKTS SMSMY opened at $15.81 on Tuesday. The business has a fifty day simple moving average of $14.23 and a 200 day simple moving average of $13.19. Sims Metal Management has a one year low of $8.16 and a one year 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.