Sims Metal Management (OTCMKTS:SMSMY) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Sims Metal Management (OTCMKTS:SMSMY) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.

Several other research analysts also recently commented on SMSMY. Royal Bank Of Canada upgraded shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 18th. 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 research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Sims Metal Management Stock Performance

Sims Metal Management stock opened at $15.81 on Tuesday. The firm’s fifty day simple moving average is $14.23 and its 200-day simple moving average is $13.19. Sims Metal Management has a 1-year low of $8.16 and a 1-year high of $16.95.

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.