Sims Metal Management (OTCMKTS:SMSMY) Lowered to Strong Sell Rating by Zacks Research

Sims Metal Management (OTCMKTS:SMSMY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. Royal Bank Of Canada upgraded shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sims Metal Management presently has a consensus rating of “Hold”.

Sims Metal Management Stock Performance

SMSMY opened at $15.81 on Tuesday. The company’s fifty day moving average price is $14.23 and its two-hundred day moving average price is $13.19. Sims Metal Management has a 1-year low of $8.16 and a 1-year high of $16.95.

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.