Sims Metal Management (OTCMKTS:SMSMY) Stock Falls 6.7% – Time to Sell?

Sims Metal Management Ltd. (OTCMKTS:SMSMY) fell 6.7% during trading on Thursday. The stock traded as low as $14.5271 and last traded at $14.5271. Approximately 227 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 4,226 shares. The stock had previously closed at $15.57.

Analyst Ratings Changes

SMSMY has been the topic of a number of research reports. 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 shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Sims Metal Management currently has a consensus rating of “Hold”.

Sims Metal Management Price Performance

The firm’s 50 day moving average is $17.27 and its 200-day moving average is $16.98. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

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.