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

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.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a report on Wednesday, June 17th. 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. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Sims Metal Management presently has an average rating of “Hold”.

Sims Metal Management Stock Performance

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 firm’s fifty day simple moving average is $17.41 and its 200 day simple moving average is $16.96.

About Sims Metal Management

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.