Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up – Still a Buy?

Shares of Sims Metal Management Ltd. (OTCMKTS:SMSMYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $12.10, but opened at $12.35. Sims Metal Management shares last traded at $12.4875, with a volume of 2,607 shares.

Sims Metal Management Stock Performance

The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average is $10.69 and its 200 day moving average is $10.06.

Sims Metal Management Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 2nd were issued a $0.0688 dividend. The ex-dividend date was Wednesday, October 1st. This represents a dividend yield of 134.0%.

Sims Metal Management Company Profile

(Get Free Report)

Sims Metal Management, trading over-the-counter under the symbol SMSMY, is the global metal recycling division of Sims Limited. Established in the early 20th century, the company has grown into one of the world’s leading recyclers of ferrous and non-ferrous metals. It serves a diverse customer base, including steel mills, foundries, manufacturers and fabricators, by collecting, processing and trading scrap metal commodities.

The company’s core activities encompass the sourcing and processing of end-of-life metal products.

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