Sims Metal Management Ltd. (OTCMKTS:SMSMY) was upgraded by analysts at Deutsche Bank AG from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Sims Metal Management (OTCMKTS:SMSMY) remained flat at $7.05 during mid-day trading on Thursday. 20 shares of the company’s stock traded hands. Sims Metal Management has a 1-year low of $4.29 and a 1-year high of $7.92. The company’s market cap is $1.39 billion. The company’s 50 day moving average price is $6.97 and its 200-day moving average price is $6.54.

About Sims Metal Management

Sims Metal Management Limited is a metals and electronics recycler. The Company operates through four segments: North America Metals, Australia/New Zealand (ANZ) Metals, Europe Metals and Global E-Recycling. The North America Metals segment includes the subsidiaries and joint ventures in the United States and Canada, which perform ferrous and non-ferrous secondary recycling functions.

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