Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up – Here’s Why

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s share price gapped up prior to trading on Friday. The stock had previously closed at $16.01, but opened at $17.3350. Sims Metal Management shares last traded at $17.3350, with a volume of 182 shares.

Analyst Ratings Changes

Several research analysts have recently commented on SMSMY shares. Jefferies Financial Group raised Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. Zacks Research upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Sims Metal Management Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.00 and a current ratio of 1.53. The company’s 50 day moving average is $17.62 and its two-hundred day moving average is $16.85.

Sims Metal Management Company Profile

Sims Metal Management, now known as Sims Limited, is a global metal recycling and resource recovery company. Its core business involves collecting, processing and supplying recycled ferrous and non-ferrous metals to steel mills, foundries and other industrial customers. The company handles materials such as steel, aluminum, copper and other recyclable metals sourced from businesses, manufacturers, demolition projects and end-of-life products.

Through its Sims Metal operations, the company provides scrap-metal collection, sorting, processing and recycling services.