Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Down – Should You Sell?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $17.55, but opened at $16.55. Sims Metal Management shares last traded at $16.55, with a volume of 471 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SMSMY shares. Jefferies Financial Group upgraded shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a report on Wednesday, June 17th. Zacks Research upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Sims Metal Management Price Performance

The company has a quick ratio of 0.95, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $17.81 and a 200-day moving average price of $16.53.

About Sims Metal Management

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.