Sims Metal Management (OTCMKTS:SMSMY) Stock Falls 4.9% – Here’s Why

Sims Metal Management Ltd. (OTCMKTS:SMSMY) fell 4.9% during trading on Friday. The company traded as low as $15.80 and last traded at $15.80. 500 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 4,288 shares. The stock had previously closed at $16.6150.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SMSMY shares. Jefferies Financial Group raised shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a report on Wednesday, June 17th. Zacks Research raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One equities research 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, Sims Metal Management presently has an average rating of “Hold”.

Sims Metal Management Price 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 firm’s 50-day simple moving average is $17.53 and its 200-day simple moving average is $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.