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

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $17.06, but opened at $18.1212. Sims Metal Management shares last traded at $18.1212, with a volume of 337 shares.

Analysts Set New Price Targets

SMSMY has been the subject of several research reports. Zacks Research upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note 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 analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sims Metal Management Stock Performance

The stock’s 50 day moving average is $17.77 and its two-hundred day moving average is $16.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 1.51.

Sims Metal Management Company Profile

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.