Sims Metal Management (OTCMKTS:SMSMY) Trading 6.9% Higher – Here’s Why

Sims Metal Management Ltd. (OTCMKTS:SMSMYGet Free Report)’s share price rose 6.9% on Monday . The company traded as high as $15.50 and last traded at $15.50. Approximately 2,165 shares were traded during trading, a decline of 57% from the average daily volume of 5,078 shares. The stock had previously closed at $14.5025.

Sims Metal Management Stock Up 4.2%

The stock has a fifty day moving average of $13.39 and a 200-day moving average of $10.98. The company has a quick ratio of 1.13, a current ratio of 1.66 and a debt-to-equity ratio of 0.20.

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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