Sims Metal Management (OTCMKTS:SMSMY) Trading Down 4.2% – What’s Next?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s share price traded down 4.2% during mid-day trading on Monday . The company traded as low as $14.50 and last traded at $14.50. 2,039 shares changed hands during trading, a decline of 66% from the average session volume of 5,980 shares. The stock had previously closed at $15.13.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SMSMY. Royal Bank Of Canada raised shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, March 18th. The Goldman Sachs Group raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Sims Metal Management Trading Down 4.4%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.66. The stock has a 50 day simple moving average of $14.29 and a two-hundred day simple moving average of $11.75.

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.