Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Down – Here’s What Happened

Sims Metal Management Ltd. (OTCMKTS:SMSMY) gapped down before the market opened on Monday . The stock had previously closed at $13.01, but opened at $12.50. Sims Metal Management shares last traded at $12.50, with a volume of 126 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sims Metal Management presently has an average rating of “Hold”.

Sims Metal Management Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.66. The stock’s fifty day simple moving average is $14.09 and its 200-day simple moving average is $11.56.

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.