Sims Metal Management (OTCMKTS:SMSMY) Stock Price Down 13.7% – Time to Sell?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s share price was down 13.7% during mid-day trading on Monday. The stock traded as low as $12.88 and last traded at $12.88. Approximately 381 shares were traded during trading, a decline of 91% from the average daily volume of 4,172 shares. The stock had previously closed at $14.93.

Sims Metal Management Trading Up 4.9%

The company has a fifty day moving average of $16.70 and a 200-day moving average of $17.07. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

Sims Metal Management Company Profile

Sims Metal Management, now operating as Sims Limited, is a global metal recycling company that collects, processes and markets ferrous and nonferrous scrap metal. Its materials are sourced from industrial, commercial, construction, demolition and end-of-life consumer products, then processed for reuse by steel mills, foundries and other manufacturers.

The company also provides electronics recycling and asset recovery services. These activities include the collection, dismantling and responsible processing of end-of-life computers, telecommunications equipment, appliances and other electronic products, with an emphasis on recovering usable metals and managing regulated materials.

Founded in Australia in 1917, the company has expanded into an international recycling business serving customers and suppliers across Australia and New Zealand, North America, the United Kingdom and Europe.