Sims Metal Management (OTCMKTS:SMSMY) Upgraded by Jefferies Financial Group to Hold Rating

Sims Metal Management (OTCMKTS:SMSMY) was upgraded by equities researchers at Jefferies Financial Group from a “moderate sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms have also recently commented on SMSMY. Zacks Research cut shares of Sims Metal Management from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Royal Bank Of Canada upgraded shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Sims Metal Management Stock Performance

SMSMY opened at $20.22 on Wednesday. Sims Metal Management has a 12 month low of $8.16 and a 12 month high of $21.35. The company has a fifty day simple moving average of $16.34 and a 200 day simple moving average of $14.42.

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.