Sims Metal Management (OTCMKTS:SMSMY) Sees Large Volume Increase – Should You Buy?

Sims Metal Management Ltd. (OTCMKTS:SMSMY) saw strong trading volume on Friday. Approximately 3,332 shares were traded during trading, a decline of 20% from the previous session’s volume of 4,174 shares. The stock last traded at $14.00 and had previously closed at $14.86.

Sims Metal Management Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $16.81 and a 200 day moving average of $17.07.

About Sims Metal Management

Sims Metal Management, now operating as Sims Limited, is a global metal recycling company that collects, processes and markets ferrous and nonferrous scrap metal. Its materials are sourced from industrial, commercial, construction, demolition and end-of-life consumer products, then processed for reuse by steel mills, foundries and other manufacturers.

The company also provides electronics recycling and asset recovery services. These activities include the collection, dismantling and responsible processing of end-of-life computers, telecommunications equipment, appliances and other electronic products, with an emphasis on recovering usable metals and managing regulated materials.

Founded in Australia in 1917, the company has expanded into an international recycling business serving customers and suppliers across Australia and New Zealand, North America, the United Kingdom and Europe.