Sims Metal Management Ltd. (SMSMY) Rating Increased to Hold at Deutsche Bank AG
Sims Metal Management Ltd. (OTCMKTS:SMSMY) was upgraded by stock analysts at Deutsche Bank AG from a “sell” rating to a “hold” rating in a report released on Thursday, The Fly reports.
Shares of Sims Metal Management (OTCMKTS:SMSMY) opened at 6.955 on Thursday. The stock’s market cap is $1.37 billion. Sims Metal Management has a 12-month low of $4.29 and a 12-month high of $7.92. The company’s 50-day moving average is $6.99 and its 200-day moving average is $6.54.
About Sims Metal Management
Sims Metal Management Limited is a metals and electronics recycler. The Company operates through four segments: North America Metals, Australia/New Zealand (ANZ) Metals, Europe Metals and Global E-Recycling. The North America Metals segment includes the subsidiaries and joint ventures in the United States and Canada, which perform ferrous and non-ferrous secondary recycling functions.
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