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

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $16.01, but opened at $16.9950. Sims Metal Management shares last traded at $16.9950, with a volume of 260 shares changing hands.

Analyst Ratings Changes

Several research firms have recently commented on SMSMY. Zacks Research raised Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Jefferies Financial Group raised Sims Metal Management from a “moderate sell” rating to a “hold” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Sims Metal Management Price Performance

The firm’s 50-day simple moving average is $18.30 and its 200 day simple moving average is $16.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 1.51.

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.