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

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $16.4750, but opened at $15.43. Sims Metal Management shares last traded at $14.58, with a volume of 2,531 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Jefferies Financial Group raised shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Sims Metal Management Trading Up 2.0%

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 has a fifty day moving average price of $17.27 and a 200-day moving average price of $16.98.

Sims Metal Management Company Profile

Sims Metal Management, now known as Sims Limited, is a global metal recycling and resource recovery company. Its core business involves collecting, processing and supplying recycled ferrous and non-ferrous metals to steel mills, foundries and other industrial customers. The company handles materials such as steel, aluminum, copper and other recyclable metals sourced from businesses, manufacturers, demolition projects and end-of-life products.

Through its Sims Metal operations, the company provides scrap-metal collection, sorting, processing and recycling services.