Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Down – Here’s What Happened

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $17.3350, but opened at $15.83. Sims Metal Management shares last traded at $15.83, with a volume of 714 shares traded.

Analyst Upgrades and Downgrades

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

Sims Metal Management Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 1.00. The stock has a 50-day moving average price of $17.53 and a two-hundred day moving average price of $16.95.

Sims Metal Management Company Profile

Sims Metal Management, now known as Sims Limited, is a global metal recycling and resource recovery company. Its core business involves collecting, processing and supplying recycled ferrous and non-ferrous metals to steel mills, foundries and other industrial customers. The company handles materials such as steel, aluminum, copper and other recyclable metals sourced from businesses, manufacturers, demolition projects and end-of-life products.

Through its Sims Metal operations, the company provides scrap-metal collection, sorting, processing and recycling services.