Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Down – What’s Next?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $16.90, but opened at $15.58. Sims Metal Management shares last traded at $15.58, with a volume of 120 shares trading hands.

Analysts Set New Price Targets

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

Sims Metal Management Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 1.00. The company’s 50-day simple moving average is $17.71 and its 200-day simple moving average is $16.76.

About Sims Metal Management

Sims Metal Management, now known as Sims Limited, is a global metal recycling company headquartered in Sydney, Australia. The company collects, processes and trades recycled ferrous and non-ferrous metals, including steel, aluminum, copper and other recovered materials, which are supplied to manufacturers, steel mills and foundries.

Its operations include metal collection and processing, recycling of end-of-life vehicles and industrial equipment, and the recovery of metals from commercial, construction and demolition sources.