Sims Metal Management (OTCMKTS:SMSMY) Sees Strong Trading Volume – What’s Next?

Sims Metal Management Ltd. (OTCMKTS:SMSMY) saw unusually-high trading volume on Tuesday . 10,253 shares traded hands during trading, an increase of 128% from the previous session’s volume of 4,491 shares.The stock last traded at $17.00 and had previously closed at $17.04.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SMSMY shares. Jefferies Financial Group raised shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. Zacks Research upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Sims Metal Management Stock Down 0.2%

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.95. The business has a 50-day moving average price of $17.74 and a 200-day moving average price of $16.66.

Sims Metal Management Company Profile

Sims Metal Management, now known as Sims Limited, is a global metal recycling company headquartered in Sydney, Australia. The company collects, processes and trades recycled ferrous and non-ferrous metals, including steel, aluminum, copper and other recovered materials, which are supplied to manufacturers, steel mills and foundries.

Its operations include metal collection and processing, recycling of end-of-life vehicles and industrial equipment, and the recovery of metals from commercial, construction and demolition sources.