Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Down – Time to Sell?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $10.20, but opened at $9.31. Sims Metal Management shares last traded at $9.31, with a volume of 600 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Sims Metal Management from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Sims Metal Management Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $9.22 and a 200 day moving average price of $9.72.

Sims Metal Management Announces Dividend

The business also recently declared a dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 2nd were issued a $0.0688 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a yield of 134.0%.

Sims Metal Management Company Profile

Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally. The company operates through six segments: North America Metals, Investment in SA Recycling, Australia/New Zealand Metals, UK Metals, Global Trading, and Sims Lifecycle Services.