Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Down – What’s Next?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $20.64, but opened at $19.69. Sims Metal Management shares last traded at $20.65, with a volume of 1,006 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank Of Canada upgraded Sims Metal Management from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 18th. Zacks Research lowered Sims Metal Management from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sims Metal Management presently has an average rating of “Hold”.

Sims Metal Management Trading Down 0.1%

The firm has a fifty day moving average of $16.03 and a 200-day moving average of $14.28.

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.