Sims Metal Management (OTCMKTS:SMSMY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Sims Metal Management (OTCMKTS:SMSMY) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on SMSMY. The Goldman Sachs Group raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada upgraded Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, March 18th. Finally, Jefferies Financial Group raised Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Sims Metal Management Stock Performance

Shares of SMSMY opened at $18.97 on Monday. The company’s fifty day moving average is $16.84 and its 200 day moving average is $14.68. Sims Metal Management has a fifty-two week low of $8.16 and a fifty-two week high of $21.35.

Sims Metal Management Company Profile

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.