Sims Metal Management (OTCMKTS:SMSMY) Stock Price Down 9.7% – What’s Next?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s stock price traded down 9.7% during trading on Friday. The company traded as low as $13.5150 and last traded at $13.5150. Approximately 602 shares changed hands during trading, a decline of 85% from the average daily volume of 4,046 shares. The stock had previously closed at $14.97.

Sims Metal Management Stock Performance

The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $16.26 and a 200 day simple moving average of $16.18.

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.