Sims Metal Management (OTCMKTS:SMSMY) Sees Large Volume Increase – Here’s Why

Shares of Sims Metal Management Ltd. (OTCMKTS:SMSMYGet Free Report) saw unusually-high trading volume on Friday . Approximately 5,232 shares were traded during trading, an increase of 114% from the previous session’s volume of 2,441 shares.The stock last traded at $12.10 and had previously closed at $12.45.

Sims Metal Management Trading Down 2.8%

The stock’s fifty day moving average price is $10.63 and its 200 day moving average price is $10.05. The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20.

Sims Metal Management Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, October 27th. Investors of record on Thursday, October 2nd were paid a $0.0688 dividend. The ex-dividend date was Wednesday, October 1st. This represents a yield of 134.0%.

Sims Metal Management Company Profile

(Get Free Report)

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.

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